26 Oct 1983
RE FIVE LAKES INVESTMENT CO LTD
- Citation
- RE FIVE LAKES INVESTMENT CO LTD
- Court
- Court of First Instance
- Case number
- HCCW78/1983
Petitioner established a believable prima facie case for a just and equitable winding-up based on alleged misappropriation, denial of access to books, loss of mutual confidence and operational deadlock; balancing commercial realities and urgency the court must appoint an independent provisional liquidator to hold the companies' affairs pending the substantive hearing, and accordingly the section 182 exoneration application is dismissed.