12 Aug 1987
RE SAFE STEEL FURNITURE FACTORY LTD
- Citation
- RE SAFE STEEL FURNITURE FACTORY LTD
- Court
- Court of First Instance
- Case number
- HCCW319/1986
The petitioner proved a breakdown of mutual trust amounting to conduct unfairly prejudicial to his interests; although this established just and equitable grounds for winding-up, both companies were solvent and trading so the appropriate remedy is relief under s.168A rather than winding-up; an expert valuation of company assets and the petitioner’s interest must be undertaken to determine the purchase/other orders under s.168A.