21 May 2004
HO FUNG YUEN AND ANOTHER v. LUI WAN HO AND ANOTHER
- Citation
- HO FUNG YUEN AND ANOTHER v. LUI WAN HO AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1055/2004
The court exercised its discretion under the Companies Ordinance to defer dissolution and remove the incumbent liquidators because there was a credible possibility the company had grounds to defend the mortgage action, the proposed liquidator agreed to act and accept the consequences, and the applicants undertook to bear the legal costs and disbursements, addressing the primary concern that the company had no funds to meet costs.