3 Oct 2013
CHAN YING LEUNG v. COLLECTORS WATCH & JEWELRY CO LTD
- Citation
- CHAN YING LEUNG v. COLLECTORS WATCH & JEWELRY CO LTD
- Court
- Court of First Instance
- Case number
- HCMP2282/2013
Relief under section 122(1B) was granted because the court was satisfied that shareholders were not prejudiced (they had access to management accounts and supported the application), the defaults were inadvertent due to an honest mistake compounded by audit delays, and adequate remedial measures had been implemented to ensure future compliance, therefore regularisation was appropriate.