28 Oct 2004
RE THE INCORPORATED OWNERS of FOREMOST BUILDING
- Citation
- RE THE INCORPORATED OWNERS of FOREMOST BUILDING
- Court
- Court of First Instance
- Case number
- HCCW47/2004
Court held that provisional liquidators may be authorized under s182 to make payments out of monies in the Companies Liquidation Account that represent owners' contributions for the purpose of paying necessary monthly management expenses of the building, provided such contributions are kept separate from funds intended to satisfy judgment creditors; accordingly the court granted a validation order in part, specifying amounts for past months and a capped monthly sum for the future, and refused validation in respect of the purported lift maintenance agreement and deferred payment of the secreta…