23 Feb 2005
RE GLORY LINE CONSULTANTS LTD
- Citation
- RE GLORY LINE CONSULTANTS LTD
- Court
- Court of First Instance
- Case number
- HCMP256/2005
The court granted a stay under s255(3) because the company was solvent, there were no creditors or prejudice, the defect arose from a procedural slip in the timing of the declaration of solvency, and the liquidator had borne and waived costs, making a stay appropriate to allow a members voluntary winding up to proceed.