17 Mar 1995
In re Rena Gabriel H.K. Ltd.
- Citation
- In re Rena Gabriel H.K. Ltd.
- Court
- Court of First Instance
- Case number
- HCCW489/1994
Where employees presented petitions solely to preserve eligibility for Section 16 payments and where conversion to compulsory winding-up would cause disproportionate additional costs and duplication without material advantage to creditors, the proper exercise of discretion is to stay the petitions until dissolution and order automatic dismissal on dissolution with no order as to costs, and to return deposits less Official Receiver's costs to date.