7 Aug 2008
RE PLUS HOLDINGS LTD
- Citation
- RE PLUS HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP859/2008
The court sanctioned the Scheme because statutory requirements under s.166 were complied with, the classes and meetings were properly constituted and conducted, the requisite majorities approved the Scheme, there was adequate disclosure to enable informed voting, the Scheme produced materially better recoveries for creditors than liquidation, and the provisional liquidators had acted appropriately in the circumstances.