17 Oct 2013
RE BLOXWORTH ENTERPRISES (HK) LTD
- Citation
- RE BLOXWORTH ENTERPRISES (HK) LTD
- Court
- Court of First Instance
- Case number
- HCMP2219/2013
The court exercised its discretion to grant a permanent stay because the scheme creditors and sole shareholder consented, debts were assigned or will be waived, there were genuine commercial reasons to effect a transfer to realise value for scheme creditors (including an offer of HK$2,000,000), and the liquidators affirmed no irregularities requiring investigation, satisfying the section 209(1) test that the winding-up proceedings ought to be stayed.