10 Jul 2000
RE POWER POINT ENGINEERING LTD.
- Citation
- RE POWER POINT ENGINEERING LTD.
- Court
- Court of First Instance
- Case number
- HCCW555/1999
Although circumstances existed that could justify winding up, the court found the petitioners materially caused the loss of the company's substratum by ousting the co‑shareholder and using an alter ego company; because the petitioners' misconduct was causative, the court exercised its discretion against granting winding up relief and dismissed the petition, while ordering costs on an indemnity basis (order nisi).