17 Mar 1995
In re Sun Star Electronics Co. Ltd.
- Citation
- In re Sun Star Electronics Co. Ltd.
- Court
- Court of First Instance
- Case number
- HCCW46/1995
The court exercised its discretion to stay the employees' petitions until the companies' dissolution and ordered that upon dissolution the petitions be dismissed automatically with no order as to costs; deposits to be returned to petitioners less any costs properly attributable to the Official Receiver up to the date of the order, because conversion to compulsory winding-up would impose disproportionate additional costs and work and the remedy under voluntary winding-up was generally adequate absent special reasons to override creditor preference.