9 Apr 2002
Re Hung Fung Holdings Ltd
- Citation
- Re Hung Fung Holdings Ltd
- Court
- Court of First Instance
- Case number
- HCCW445/2000
The court exercised its discretion and refused the interim stay because the applicant's sole ground (a pending Rule 128 appeal) was insufficient when weighed against four dispositive factors: the validity of the winding up order, no credible challenge to the liquidators' integrity or fitness, the fact a successful appeal would not necessarily displace the existing liquidators, and the Liquidators' report indicating potential disposal of company assets; accordingly the summons was dismissed.