7 Jul 2006
RE GOLDLORY RESTAURANT LTD
- Citation
- RE GOLDLORY RESTAURANT LTD
- Court
- Court of First Instance
- Case number
- HCCW1184/2002
The court holds that s196(2) and r146(2) confer an unfettered discretion on the court to fix liquidator remuneration in summary cases; the percentage basis applicable to the Official Receiver is not the default and, as a matter of practice, the time cost basis should be adopted in summary winding-up cases and provided for when the summary procedure order is made.