14 Jun 2017
LO SUI LIN v. CHAN HUNG FOOK AND OTHERS
- Citation
- LO SUI LIN v. CHAN HUNG FOOK AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP41/2016
The petition to wind up on the just and equitable ground was not a plain and obvious failure on its face because there is an arguable case that the company was a small family asset vehicle governed by an informal arrangement and that the respondent's conduct and proposed sale and board changes risked a loss of substratum; accordingly the strikeout was dismissed and an interim receiver was appointed to preserve assets pending a speedy trial of the petition; the s570 meeting application was deferred (no order) given the pending winding up petition and the need to preserve the status quo.