15 Nov 2004
RANDOLPH SHANE MENTON v. CSA ABSOLUTE RETURN FUND LTD
- Citation
- RANDOLPH SHANE MENTON v. CSA ABSOLUTE RETURN FUND LTD
- Court
- Court of First Instance
- Case number
- HCCW712/2004
Given the complexity of competing creditor and shareholder claims, the risk that many subscribers may be creditors rather than shareholders, and the need to assess whether a scheme of arrangement or liquidation is in the collective interests, the court exercised its discretion to adjourn the petition for eight weeks and authorised the provisional liquidators to form an informal committee of creditors and shareholders of up to seven members to consult and report, while preserving parties' rights to apply about procedural or jurisdictional issues (including overlap with the administrator).