29 Jan 2008
YU SUN SAY AND OTHERS v. HKI PROPERTIES LTD
- Citation
- YU SUN SAY AND OTHERS v. HKI PROPERTIES LTD
- Court
- Court of First Instance
- Case number
- HCMP2556/2007
The court granted the extensions because it was satisfied that shareholders were not prejudiced, the defaults were inadvertent, and the directors are now aware and will comply with obligations going forward, making it appropriate to regularize the failures under the court's discretionary power in s221(1B)(a).