26 Nov 2012
RE SUMORE CORPORATION LTD
- Citation
- RE SUMORE CORPORATION LTD
- Court
- Court of First Instance
- Case number
- HCCW518/2009
The court dismissed SSN's application: the general body of creditors validly revoked the committee resolutions; SSN and LBL's claims to reinstatement and removal of liquidators failed because SSN did not prove sufficient cause that removal was on the whole desirable, there was no demonstrated bias or misconduct sufficient to justify removal, majority creditors in value supported the liquidators, and removal would not be in the general advantage given progress of the liquidation.