4 Nov 2003
PACIFIC ELECTRIC WIRE & CABLE CO LTD v. THE REGISTRAR OF COMPANIES
- Citation
- PACIFIC ELECTRIC WIRE & CABLE CO LTD v. THE REGISTRAR OF COMPANIES
- Court
- Court of First Instance
- Case number
- HCMP4691/2003
The court exercised its discretion under s.290 to revive the company because the applicant, as near-total beneficial owner, had a clear proprietary interest, the application was within the two-year statutory period, there was demonstrable need to investigate possible misappropriation and intra-group irregularities affecting the applicant's securities listing, and the Registrar did not oppose the application; consequential relief to appoint new liquidators under s.252 was necessary to conduct the investigation.