3 Jun 2019
CHINESE STRATEGIC HOLDINGS LTD AND ANOTHER v. JAMES WARDELL AND ANOTHER
- Citation
- [2019] HKCFI 1236
- Court
- Court of First Instance
- Case number
- HCCW146/2013
The cumulative proven conduct of the liquidators — deliberate or wilful misrepresentation in correspondence about their report to the court, refusal to provide proofs and evidence to the committee of inspection, failure to consult the COI on compromise/adjournment decisions and persistent delay and adversarial conduct resulting in prolonged liquidation and escalating fees — amounted to cause under s196(1) Cap 32; removal was in the best interests of creditors and contributories and the Official Receiver was ordered to replace the liquidators and convene a creditors' meeting to consider altern…