19 Jun 2008
RE BEAUFORTE INVESTORS CORPORATION LTD
- Citation
- RE BEAUFORTE INVESTORS CORPORATION LTD
- Court
- Court of First Instance
- Case number
- HCMP584/2008
The court sanctioned the Scheme because the statutory notice and voting requirements under s166 were met, the unsecured creditors formed a single class that was adequately informed and had approved the Scheme by the requisite majority, and the Scheme represented a commercially sensible rescue likely to achieve full repayment to the Scheme Creditors and avoid insolvent liquidation.