25 Jul 2000
UDL HOLDINGS LTD. v. NISHIMATSU CONSTRUCTION CO. LTD.
- Citation
- UDL HOLDINGS LTD. v. NISHIMATSU CONSTRUCTION CO. LTD.
- Court
- Court of Appeal
- Case number
- CACV164/2000
Applications for stay were refused because the companies judge correctly exercised discretion on creditor class composition and preserved preferential rights; appellants failed to show a real prospect of irreparable harm or that the appeal would be rendered nugatory if the Schemes proceeded; granting a stay or restraining payment would risk destroying substantial going-concern value and would improperly vary effective Schemes sanctioned by creditors under s166; no sufficient basis existed to disturb the sanction on interlocutory application.