8 Sept 2004
RE FAR EAST STRUCTURAL STEELWORK ENGINEERING LTD (IN LIQUIDATION)
- Citation
- RE FAR EAST STRUCTURAL STEELWORK ENGINEERING LTD (IN LIQUIDATION)
- Court
- Court of First Instance
- Case number
- HCCW354/2001
The payments were validated because they were made honestly, constituted steps to preserve or realise the company's assets and to pursue a compromise beneficial to creditors generally, and there was insufficient evidence that the payments unfairly preferred some creditors or were not in the ordinary course of business; accordingly the liquidators' summons was dismissed.