11 Mar 2009
TRADEPOWER (HOLDINGS) LTD (IN LIQUIDATION) v. TRADEPOWER (HONG KONG) LTD AND OTHERS
- Citation
- TRADEPOWER (HOLDINGS) LTD (IN LIQUIDATION) v. TRADEPOWER (HONG KONG) LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1796/2005
The court found that impracticability to call a meeting was established by the defendants' refusal to sign proposed resolutions and that it was just and fair to exercise the discretion under s114B to order an EGM; consequential delivery up of company seals, chops and cheque books was ordered to the newly constituted board within seven days after the EGM; defendants provided undertakings restraining disposal of landed properties and the 2nd defendant from proceeding with HCA2288/2008 until the EGM was held; the court noted it had no jurisdiction to make the s114B order under the summons in HCA…