30 Sept 2024
RE HONG KONG PETROCHEMICAL COMPANY LTD
- Citation
- [2024] HKCFI 2603
- Court
- Court of First Instance
- Case number
- HCCW454/2023
A permanent stay of the winding-up was granted conditional on a written confirmation by the Liquidators that the Scheme's conditions precedent (other than the permanent stay and liquidators' discharge) have been satisfied or waived, because upon the Scheme becoming effective all indebtedness and liquidation expenses will be provided for, investigations are complete, creditors' interests are served, and these outcomes satisfy the requirements of s209 and relevant authorities.