15 Apr 2013
GRAND ASIAN LTD v. SHOE MART CO LTD
- Citation
- GRAND ASIAN LTD v. SHOE MART CO LTD
- Court
- Court of First Instance
- Case number
- HCMP590/2013
The court exercised its discretion under ss111(2) and 122(1B) of the Companies Ordinance and granted rectification for both Shoe Mart and Cobblers because the defaults were inadvertent, the sole shareholder was not prejudiced and adequate steps had been taken to ensure future compliance; relief granted was made conditional on undertakings to notify the Stock Exchange and to refer the order and reasons in any relevant prospectus; no order as to costs.