15 Nov 1993
in re World Trade Centre Group Limited
- Citation
- in re World Trade Centre Group Limited
- Court
- Court of First Instance
- Case number
- HCMP3870/1993
Where (1) a blocked shareholding is contrary to the public interest, (2) adequate investigative steps to identify the beneficial owners have been taken and further inquiry would be futile, and (3) protective measures are imposed for the blocked shareholders and notice safeguards for payment-out, the Court should order a sale under s.46(4); such a Court-ordered sale vests good title in the purchaser.