27 May 1999
RE PEREGRINE INVESTMENTS HOLDINGS LTD.
- Citation
- RE PEREGRINE INVESTMENTS HOLDINGS LTD.
- Court
- Court of First Instance
- Case number
- HCCW22/1998
The court held that provisional liquidators appointed under section 193 who continue in office after a winding up order remain subject to the court's control for remuneration for the entirety of their term and that the committee of inspection has no authority under section 196(2) to determine their remuneration for the post‑Order period; consequently payments released pursuant to the Official Receiver's Circular and taxations procured under a mistaken view of the law are voidable and are set aside.