7 Jun 2006
RE UDL HOLDINGS LTD AND OTHERS
- Citation
- RE UDL HOLDINGS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP423/2000
The court sanctioned the proposed Modifications as they fairly reflected the views of the consenting creditors and disclosure was adequate for sanction for the Company and 23 subsidiaries, but refused to sanction Dockyard's modification because a company in liquidation requires the liquidator's consent; further, because the Disputed Assets had not been transferred or received into the Scheme they remain assets of Dockyard in its winding up and are not subject to a trust for scheme creditors.