4 May 2001
UDL ARGOS ENGINEERING & HEAVY INDUSTRIES CO LTD v. LI OI LIN AND OTHERS
- Citation
- UDL ARGOS ENGINEERING & HEAVY INDUSTRIES CO LTD v. LI OI LIN AND OTHERS
- Court
- Court of Final Appeal
- Case number
- FAMV12/2001
The Committee held the applicants were not entitled to appeal as of right because their individual debts did not meet the HK$1,000,000 threshold under s.22(1)(a); however, leave to appeal was granted under the discretionary limb s.22(1)(b) because the issues concerning the constitution of creditor classes for schemes of arrangement and principles of court sanction raise debatable questions of general and public importance worthy of determination by the Court of Final Appeal.