7 Jun 2006
RE UDL HOLDINGS LTD AND OTHERS
- Citation
- RE UDL HOLDINGS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP430/2000
The court sanctioned the proposed Modifications in respect of the Company and 23 of the Scheme Participating Subsidiaries because the meetings were properly constituted, the explanatory material was not so deficient as to vitiate consent and the Modifications were not shown to be put forward in bad faith; however, the court lacked jurisdiction to sanction modifications in respect of Universal Dockyard Limited while its liquidators withheld consent, and the Disputed Assets (Unencumbered Assets not transferred and Accounts Receivable not remitted) constitute assets of Dockyard in its winding up…