29 Dec 2023
RE SINO OIL AND GAS HOLDINGS LTD
- Citation
- [2023] HKCFI 3374
- Court
- Court of First Instance
- Case number
- HCMP252/2023
The adjournment was granted because the Opposing Creditors are collectively owed a substantial sum (HK$195.25 million) and the Scheme would reduce their debt by 90%, the evidence that they recently became aware and faced language and residency barriers was credible, and there were substantive complaints about the Scheme Meeting that required closer examination; these factors outweighed any prejudice to the Company given its inability to repay debts and exposure to winding up.