18 Apr 2000
Re Econo Plant Hire Co. Ltd.
- Citation
- Re Econo Plant Hire Co. Ltd.
- Court
- Court of First Instance
- Case number
- HCMP411/2000
The court applied the rights test for class composition and concluded internal creditors did not possess dissimilar legal rights that would make consultation impossible; disputed claims had been valued in good faith and could be excluded for voting; technical irregularities were waivable and independent creditors provided substantial support; therefore the court exercised its discretion to sanction the 25 Schemes subject to conditions.