23 Mar 1998
In re RCR Electronics Manufacturing Ltd.
- Citation
- In re RCR Electronics Manufacturing Ltd.
- Court
- Court of First Instance
- Case number
- HCMP569/1998
The court sanctioned the Scheme because the Scheme Creditors class was properly identified, the Explanatory Statement adequately explained the Scheme and disclosed risks and alternatives, the requisite majority approval was obtained at the creditors meeting, and the Scheme met the established test that an intelligent and honest member of the class might reasonably approve it.