27 Jun 2007
CENKY LTD v. ZEALOT & CO LTD AND ANOTHER
- Citation
- CENKY LTD v. ZEALOT & CO LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1823/2006
The strike out application was dismissed because there are substantial disputed facts and documentary and oral evidence to be tested at trial making the claim not plainly unsustainable; interim receivers were appointed because there was a serious issue to be tried on beneficial ownership, credible evidence of a real risk of dissipation of significant company assets, inadequate protection from existing undertakings alone, and Cenky provided a fortified undertaking as to damages and security to justify appointment pending determination in the writ action.