7 Jul 2006
RE GOLDLORY RESTAURANT LTD
- Citation
- RE GOLDLORY RESTAURANT LTD
- Court
- Court of First Instance
- Case number
- HCCW575/2001
The court held that under s196(2) and r146(2) it has an unfettered discretion to fix liquidator remuneration in summary cases; r146(2) does not make the Official Receiver's percentage scale the default. As a matter of practice the court will adopt the time cost basis as the standard for remuneration of liquidators in summary winding-ups under s227F and such basis should be provided for when the summary procedure order is made.