24 May 2021
RE GRAND PEACE GROUP HOLDINGS LTD
- Citation
- [2021] HKCFI 1563
- Court
- Court of First Instance
- Case number
- HCCW410/2019
The petition is demurrable for failing to plead the jurisdictional basis for winding up a foreign incorporated company; substitution to a supporting creditor to advance an amended petition is appropriate to resolve the jurisdictional issue and directions were ordered with a hearing fixed for 5 August 2021; the court will normally permit convening of a creditors' meeting for a scheme unless unsecured creditors would be prejudiced; parallel schemes require clear justification that they are in the genuine best interests of unsecured creditors.