21 Mar 2002
Re Geter Industrial Ltd. (In Compulsory Liquidation)
- Citation
- Re Geter Industrial Ltd. (In Compulsory Liquidation)
- Court
- Court of First Instance
- Case number
- HCCW802/2000
The court ordered conversion under s.209A because the application was made within the statutory period, the creditor shortfall had been cured by repayments and there was no ongoing concern about mismanagement or the worth of directors, and because the Official Receiver had not been the liquidator during the administration so the legislative concern about last‑minute preemption did not arise; the court declined to order continuation of the existing liquidators or fix remuneration because those matters properly fall to creditors in a creditors' voluntary winding-up.