17 Mar 2009
RE BACK IN TIME LTD
- Citation
- RE BACK IN TIME LTD
- Court
- Court of First Instance
- Case number
- HCMP196/2009
The court confirmed the reduction because statutory procedures were complied with, the reduction had a legitimate commercial purpose, the company remained solvent with net assets exceeding liabilities even on conservative valuation, and creditors would not be prejudiced; therefore confirmation under s.59 was appropriate.