1 Dec 2006
RE WELL BOND GROUP LTD
- Citation
- RE WELL BOND GROUP LTD
- Court
- Court of First Instance
- Case number
- HCCW389/1998
Mr Krause was removed because he engaged in serious, persistent breaches and failed to perform statutory and court-imposed duties; under s196(1) and r48(2) the court exercised its supervisory discretion to remove him, appoint replacement liquidators, require delivery of books/accounts/bank records and repayment of funds, disallow his fees while permitting approved disbursements, and order costs against him to protect unsecured creditors and the integrity of the winding up.