4 May 2016
RE WEITA PACKING MATERIAL INTERNATIONAL GROUP CO LTD (in Liquidation)
- Citation
- RE WEITA PACKING MATERIAL INTERNATIONAL GROUP CO LTD (in Liquidation)
- Court
- Court of First Instance
- Case number
- HCCW184/2008
A permanent stay was granted because the proved debt was paid in full, liquidation and petition costs had been paid or undertaken by the contributories, there was no need for investigation as confirmed by the Liquidators and Official Receiver, and there was a genuine commercial reason (a conditional share sale) for granting a permanent stay; the Liquidators and Official Receiver were neutral and the statutory test under s209(1) was satisfied.