18 Apr 2000
Re UDL Civil Contractors Ltd.
- Citation
- Re UDL Civil Contractors Ltd.
- Court
- Court of First Instance
- Case number
- HCMP418/2000
The court applied the rights test for class constitution, found no confiscation or injustice in allowing internal creditors to vote as part of the same class, concluded independent creditors provided substantial support, held disputed claims valued at zero in good faith need not be allowed to vote for full amounts, exercised discretion to waive technical irregularities, and therefore sanctioned all 25 schemes (subject to stated conditions).