20 Aug 2007
RE EZCOM TECHNOLOGY LTD
- Citation
- RE EZCOM TECHNOLOGY LTD
- Court
- Court of First Instance
- Case number
- HCCW315/2005
The court ordered winding up because the proposed restructuring lacked the requisite creditor support (less than 75%), there was no improved offer, the commercial position had deteriorated (Holdings was de-listed) and the provisional liquidators recommended winding up; therefore a winding-up order was the appropriate and necessary remedy, with costs payable from company assets and the 5th provisional liquidators' report sealed.