7 Jun 2006
RE UDL HOLDINGS LTD AND OTHERS
- Citation
- RE UDL HOLDINGS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP419/2000
The court sanctioned the Modifications in respect of the Company and 23 Scheme Participating Subsidiaries because the meeting result fairly reflected creditor views, disclosure and good faith were adequate and the Modifications are enabling. The court declined to sanction modifications as to Universal Dockyard Limited because the liquidators had not consented and the court lacked jurisdiction to sanction a scheme variation affecting a company in liquidation without the liquidator's consent. The Disputed Assets were declared to be assets of Dockyard in its winding up (not subject to a trust fo…