7 Jul 2006
RE GOLDLORY RESTAURANT LTD
- Citation
- RE GOLDLORY RESTAURANT LTD
- Court
- Court of First Instance
- Case number
- HCCW953/2000
The court held that s196(2) and r146(2) confer an unfettered discretion on the court to determine the basis of remuneration in summary cases and that the percentage basis applicable to the Official Receiver is not the mandatory default; as a matter of practice and consistent with statutory purpose and administrative realities (including the Panel T Scheme), the time cost basis shall be adopted for liquidators in summary cases and should be provided for when a summary procedure order under s227F is made; no requirement to show special circumstances to adopt time cost.