28 Jun 2006
KENWORTH ENGINEERING LTD v. DICKSON CONSTRUCTION CO LTD
- Citation
- KENWORTH ENGINEERING LTD v. DICKSON CONSTRUCTION CO LTD
- Court
- Court of First Instance
- Case number
- HCCW47/2006
The court concluded that on the material before it the proposed scheme was not obviously doomed and had arguable viability and substantial preliminary support; issues of creditor classification (including banks with doubtful security) and adequacy of disclosure were at least arguable and not fatal at this stage, and the petition should be adjourned to permit the company to pursue convening a scheme meeting.