4 Aug 2005
THE JOINT & SEVERAL LIQUIDATORS OF AKAI HOLDINGS LTD (IN Compulsory Liquidation) v. THE GRANDE HOLDINGS LTD AND OTHERS
- Citation
- THE JOINT & SEVERAL LIQUIDATORS OF AKAI HOLDINGS LTD (IN Compulsory Liquidation) v. THE GRANDE HOLDINGS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW50/2000
The court found the liquidators had established a bona fide and reasonable need under section 221 for the production of documents and the oral examination of named individuals because the Grande respondents and Toyo were substantially involved in the management and transactions of the Companies; the scope and time‑limit were confined (specified entities and period) and the respondents had not established that they lacked possession, control or knowledge or that disclosure would be oppressive; accordingly the revised draft order (with modifications on time for compliance and document period) w…