18 Sept 2001
RE ETYUE LTD.
- Citation
- RE ETYUE LTD.
- Court
- Court of First Instance
- Case number
- HCMP421/2001
The Court sanctioned the scheme because the statutory provisions of s166 were complied with, the creditor class was fairly represented with no evidence of coercion, and a reasonable man of business would approve the proposal given the Company's severe liquidity problems and creditor approval in number and value.