30 May 2008
RE DICKSON GROUP HOLDINGS LTD (In Liquidation)
- Citation
- RE DICKSON GROUP HOLDINGS LTD (In Liquidation)
- Court
- Court of First Instance
- Case number
- HCMP357/2008
The court sanctioned the scheme and granted a permanent stay of the winding-up because the statutory majority of creditors approved the Scheme, the creditors were properly informed and constituted as a single class, the proposed restructuring offered materially better and more certain recoveries than liquidation, there was no objection from the Official Receiver on investigative grounds, and conditions precedent (including confirmation of completion of the restructuring) could be secured.