7 Jun 2006
RE UDL HOLDINGS LTD AND OTHERS
- Citation
- RE UDL HOLDINGS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP424/2000
The court sanctioned the proposed Modifications as to the Company and 23 Scheme Participating Subsidiaries because the meetings were properly constituted, the explanatory material was adequate in the circumstances, and the result fairly reflected creditors' views; however the court cannot sanction modifications of Dockyard's scheme without the liquidators' consent and, crucially, the Disputed Assets and Accounts Receivable of Dockyard that had not been transferred or realised at the commencement of liquidation constitute assets of Dockyard for the purposes of its winding up and are not to be…