26 Mar 2015
RE GREAT HONEST INVESTMENT CO LTD (IN COMPULSORY LIQUIDATION)
- Citation
- RE GREAT HONEST INVESTMENT CO LTD (IN COMPULSORY LIQUIDATION)
- Court
- Court of First Instance
- Case number
- HCCW102/2009
Given the evidence that tracing was impractical, the private examinations and investigations indicating the securities did not beneficially belong to the registered holders, and the respondents failure to respond or appear, the court declared the securities not beneficially owned by those individuals and granted the liquidators liberty to sell the securities for the benefit of the companys estate under s200(3) Cap 32.