30 May 2005
RE EZCOM TECHNOLOGY LTD
- Citation
- RE EZCOM TECHNOLOGY LTD
- Court
- Court of First Instance
- Case number
- HCCW315/2005
The application was dismissed because the Company was clearly insolvent and failed to provide sufficient, specific evidence that validation of the proposed payments would benefit unsecured creditors or enable the company to trade profitably; permitting the payments would likely deplete the company's cash and prefer certain creditors, which the court would not sanction.