1 Jun 2006
RE OCEAN TIME DEVELOPMENT LTD AND OTHERS
- Citation
- RE OCEAN TIME DEVELOPMENT LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW334/2004
Court exercised discretion to allow late appeals; accepted audited accounts (unchallenged on admissible evidence) as sufficient to establish GGI's creditor status for the specified sums and reversed liquidators' rejections accordingly for Tinson, Goldgood (in part) and Ocean Time (in part); held the tort/duty claim against liquidators disclosed no reasonable cause of action because alleged losses were reflective of company loss and remedy lies under s276, and struck out and dismissed that action.