4 Aug 2006
RE TAI SUN PLASTIC NOVELTIES LTD
- Citation
- RE TAI SUN PLASTIC NOVELTIES LTD
- Court
- Court of First Instance
- Case number
- HCMP401/2006
Due cause existed to remove Mr Lui and Mr Ha because they unreasonably delayed responding to creditor inquiries, failed to investigate multiple credible matters arising from the accounts and related-party transactions, and demanded excessive funding thereby causing loss of creditor confidence; removal ordered but stayed until replacement liquidators are appointed and creditors are convened to choose replacements because immediate appointment of the proposed firm would raise a reasonable perception of bias.