15 Jul 2013
PIONEER IRON AND STEEL GROUP CO LTD (in provisional liquidation) v. PIONEER METALS CO LTD AND OTHERS
- Citation
- PIONEER IRON AND STEEL GROUP CO LTD (in provisional liquidation) v. PIONEER METALS CO LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1974/2011
Balancing the legitimate requirements of the liquidators to obtain speedy and necessary information from the person who ran the company (and who was its director and sole shareholder) against the risk of oppression, the Court concluded the scales favour permitting use of the discovered documents for the section 221 examination subject to judicial control; accordingly the implied undertaking is released and the application is allowed as sought.