12 Mar 2021
RE HSIN CHONG CONSTRUCTION CO LTD
- Citation
- [2021] HKCFI 559
- Court
- Court of First Instance
- Case number
- HCCW239/2018
The application for a regulating order was dismissed because the court was not satisfied it was right to deprive creditors of the statutory opportunity to convene and vote at a first meeting: two significant creditors (HSBC and WKCDA) had legitimate, non‑frivolous objections based on procedural failings by the Provisional Liquidators and prior judicial criticisms; the applicants failed to demonstrate that a remote meeting was considered or infeasible; allowing creditors to canvass and choose liquidators was required in the interests of creditors, so dispensing with the first meeting and appoi…