2 Apr 1974
RE CHINA CAN COMPANY (HONG KONG) LTD
- Citation
- RE CHINA CAN COMPANY (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCCW24/1973
Having considered the whole web of circumstances, the court concluded it was just and equitable to wind up the company because for almost nine years it had been irregularly conducted (no board, no lawful general meetings, no audited accounts produced), management had been usurped by an individual (Alexander) exercising de facto control, substantial unexplained cash balances and payments required full investigation, and practical alternatives were impracticable or likely to be frustrated (including ongoing foreign litigation over Skylly); petitioner’s delay did not bar relief under s177(f).