16 Jan 2007
RE LEE CHUAN TECK
- Citation
- RE LEE CHUAN TECK
- Court
- Court of First Instance
- Case number
- HCMP2703/2006
Because the s228A procedure was improperly invoked without the required directors' resolution, the winding-up was commenced on an unjustified basis; there was no prejudice to creditors (the only remaining creditor was the applicant who would waive the debt) and no public interest concern, so a permanent stay of the winding-up was appropriate to allow deregistration.