30 Aug 2017
RE Y LTD
- Citation
- RE Y LTD
- Court
- Court of First Instance
- Case number
- HCCW119/2017
The court sanctioned the sale because urgency to preserve the kindergarten and the nature of the business made an independent valuation unnecessary; the purchasers' offer was within the reasonable range of prices and no better compliant bids were available within the required timeframe, so adjournment would risk loss of purchaser and interruption of the business.