17 Dec 2018
TANG CHUEN CHUNG v. KATAL (INTERNATIONAL) KNITTING FACTORY LTD AND OTHERS
- Citation
- [2018] HKCFI 2828
- Court
- Court of First Instance
- Case number
- HCCW242/2017
The Company had ceased its manufacturing business by 31 March 2010 and thereafter merely passively held assets for over six years; the petitioner was unjustly excluded from management without reasonable inquiry by the respondents and their conduct aggravated the dispute; on those facts the court will exercise its power under the Companies Ordinance to wind up the Company as just and equitable and will order the 2nd and 3rd respondents to pay the petitioner's costs on an indemnity basis due to their unreasonable conduct and failure to engage constructively.