8 Oct 1985
RE FULIHAM INVESTMENT LIMITED
- Citation
- RE FULIHAM INVESTMENT LIMITED
- Court
- Court of First Instance
- Case number
- HCCW217/1985
The ex parte order appointing the Official Receiver as Provisional Liquidator was set aside because the petitioner failed to disclose a material fact — that the debt was secured — in breach of the duty of full and fair disclosure on ex parte applications; furthermore, there was no substantiated risk that allowing the Company to grant a charge to raise funds would prejudice shareholders, so the Company was permitted to pledge assets to pay the debt.