8 Oct 2004
THE OFFICIAL RECEIVER v. PHILIP LEIGH TOSE AND OTHERS
- Citation
- THE OFFICIAL RECEIVER v. PHILIP LEIGH TOSE AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP112/2002
Insolvency of PIHL and PFIL was established and the undisputed facts demonstrated a marked degree of incompetence and systemic failures in credit control, valuation, provisioning and internal audit by each respondent such that each was unfit to be concerned in company management; after considering mitigation and precedent tariffing the appropriate disqualification period for each respondent is four years.