11 Sept 2008
NG WAI LING v. CHAN PING FAI RICKY AND ANOTHER
- Citation
- NG WAI LING v. CHAN PING FAI RICKY AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCW261/2008
Validation orders were granted for each company to permit ordinary course payments and dispositions between presentation of the petition and judgment, subject to specific monthly monetary caps (Honeycool HKD 12,000; Lincoln HKD 45,000; Hoovercool HKD 42,000) and a bi‑weekly reporting and inspection regime; Hoovercool's sale of three carparking spaces was validated as arm's length and at full market value; costs for the Official Receiver fixed and adjournment hearing costs allocated to the 1st respondent.
- Validation orders
- Shareholder dispute
- Winding up alternative (buy‑out)
- Dispositions of company property
- Costs assessment