9 Sept 2009
RE CHINA MEDICAL AND BIO SCIENCE LTD
- Citation
- RE CHINA MEDICAL AND BIO SCIENCE LTD
- Court
- Court of First Instance
- Case number
- HCCW198/2008
Validation granted because the restructuring was supported by creditors representing an overwhelming majority of known liabilities, the SPV's assets and the debenture would be funded by the lender without encumbering company assets, the working capital contribution was small and unsecured, liquidation would likely yield nil to unsecured creditors, and the petitioner offered no intelligible reason to insist on immediate winding up.