20 Apr 2007
RE PHILMA PETROLEUM LTD
- Citation
- RE PHILMA PETROLEUM LTD
- Court
- Court of First Instance
- Case number
- HCCW459/1997
The court will exercise its discretion under s200(3) to grant retrospective authorisation of the Official Receiver's appointments of Panel B agents and to sanction payment of agents' fees out of the companies' assets, subject to taxation and scrutiny, because the appointments and work done were in the interests of the creditors and the liquidation, there is no evidence of misconduct or conflict of interest, and a case-by-case inquiry into delegation is disproportionate and impractical.