12 Mar 2009
RE THE INCORPORATED OWNERS OF CASIO MANSION (IN LIQUIDATION)
- Citation
- RE THE INCORPORATED OWNERS OF CASIO MANSION (IN LIQUIDATION)
- Court
- Court of First Instance
- Case number
- HCCW1/2007
The court granted a permanent stay of the winding-up order and ordered release of the liquidators because all creditors claims had been satisfied, the contingency and external liability funds and provisions were sufficient to meet outstanding liquidation costs, no further investigation was required, the Incorporated Owners would be solvent after payment of liabilities, and there was consent or no objection from interested parties; granting the stay served the public and commercial interests by clearing title and facilitating management return.