21 Nov 2007
CHAN HOW CHUNG, VICTOR AND ANOTHER v. TKR FINANCE LTD AND ANOTHER
- Citation
- CHAN HOW CHUNG, VICTOR AND ANOTHER v. TKR FINANCE LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCW657/2004
A permanent stay was granted because the court was satisfied there were good reasons: creditor interests were resolved (creditors paid or assigned and the holding company will be paid under an approved debt consolidation), shareholders were applicants, the liquidator's remaining concerns about three lots of third‑party shares were capable of being managed by the company's undertaking to hold and deal with those shares, and the Official Receiver did not propose disqualification or other public‑interest proceedings that would require continuation of the liquidation; accordingly the stay was app…