24 Nov 2015
RE THE GRANDE HOLDINGS LTD
- Citation
- RE THE GRANDE HOLDINGS LTD
- Court
- Court of Appeal
- Case number
- CACV40/2015
The Court held that ASM's claim was a liquidated debt for voting purposes because the amount was ascertained by the contractual machinery of the ISDA Master Agreement (notice of amount payable under clause 6), was supported by partial payments and repeated acknowledgements by Grande and was reasonably admitted by the provisional liquidators; accordingly ASM was entitled to vote and the Judge's order disallowing voting was set aside.