25 May 1999
In re Kosonic Industries Co. Ltd.
- Citation
- In re Kosonic Industries Co. Ltd.
- Court
- Court of First Instance
- Case number
- HCMP2172/1999
The court sanctioned the Creditors Scheme because the class was properly constituted, the meeting was duly convened, creditors were provided sufficient information to make an informed judgment and the requisite majorities voted in favour; no factors existed to displace the meeting's decision under the established test from Buckley and the cited authorities.