7 Oct 2010
RE TEAM BRIGHT CORPORATION LTD
- Citation
- RE TEAM BRIGHT CORPORATION LTD
- Court
- Court of First Instance
- Case number
- HCCW274/2010
Given the scale of the liabilities, the unexplained receipts in advance to members, substantial directors' loans, the suspicious timing of director resignations and replacement by persons connected to Danvil Chan, and the Official Receiver's documented concerns (including prior removals and disqualification proceedings involving Danvil Chan), the court held that the liquidation must be conducted under its supervision and a compulsory winding up should be ordered immediately; requests for adjournment were refused.