21 Aug 2009
CINMEDIA INC. v. SAR MEDIA LTD
- Citation
- CINMEDIA INC. v. SAR MEDIA LTD
- Court
- Court of First Instance
- Case number
- HCMP1400/2009
The court granted relief because it was satisfied the defaults were inadvertent oversight rather than wilful default, no prejudice to shareholders or creditors was shown, remedial measures were implemented and directors gave binding assurances to comply in future, so it was appropriate to exercise its discretion to grant the orders sought (with a minor amendment to a date in HCMP No.1398 of 2009).