23 May 2008
RE HONG KONG JIN SHENG INDUSTRIAL GROUP LTD (in liquidation)
- Citation
- RE HONG KONG JIN SHENG INDUSTRIAL GROUP LTD (in liquidation)
- Court
- Court of First Instance
- Case number
- HCCW469/2007
The court permanently stayed the winding-up because the material creditors whose claims gave rise to the winding-up had been discharged by settlement and release, the provisional liquidators raised no objection, the Official Receiver reported no adverse matters, and the applicant undertook to meet the provisional liquidators' expenses; these facts justified exercise of the s.209 discretion to stay the winding-up.