12 Aug 1987
RE LAI KAN CO LTD
- Citation
- RE LAI KAN CO LTD
- Court
- Court of First Instance
- Case number
- HCCW318/1986
Petitioner established good cause under the just and equitable principle and proved that the majority's conduct was unfairly prejudicial, but because both companies are solvent and a forced sale would be undesirable the court declined to order winding-up and instead granted relief under section 168A, directing an expert valuation and further hearing to determine appropriate orders.