2 Nov 2007
RE ZHU KUAN (HONG KONG) CO LTD
- Citation
- RE ZHU KUAN (HONG KONG) CO LTD
- Court
- Court of First Instance
- Case number
- HCMP1286/2007
The court sanctioned both inter-conditional schemes because the scheme meetings were properly convened, the creditor class was correctly constituted, the requisite statutory majorities approved the schemes, the creditors were adequately informed, and a reasonable and honest member of the class could reasonably approve; the court granted a permanent stay of the winding-up proceedings conditional on the schemes becoming effective because the schemes were for the benefit of creditors, the liquidators had adequately disclosed relevant matters and investigations, and the stay was not contrary to t…