27 Mar 2007
WU IH CHEN AND OTHERS v. CHINA TOP INVESTMENTS LTD
- Citation
- WU IH CHEN AND OTHERS v. CHINA TOP INVESTMENTS LTD
- Court
- Court of First Instance
- Case number
- HCMP447/2007
The court accepted the defaults were inadvertent, there was no wilful default or prejudice to shareholders, shareholders had knowledge or consented, remedial steps including adoption of accounts and appointment of auditors were taken, and therefore it was appropriate to exercise the court's discretion under ss111(2) and 122(1B) to grant the applicants' reliefs to regularise meetings and accounts.