1 May 2009
THE 3 FELLAZ COMPANY LIMITED V LAND DEVELOPMENT SOLUTIONS LIMITED HC AK CIV 2008-404-3332
- Citation
- openlaw-837cb513_b4ea_41a6_8186_18e3a8b1b1f0.pdf
- Court
- High Court
The Court refused the application to replace the court‑appointed liquidator because, notwithstanding the majority creditors' resolution, there was no evidence Mr Reynolds lacked independence or competence, his recent information meant the liquidation could be completed quickly, and replacing him would impose additional costs and not be in creditors' interests, so the Court exercised its supervisory discretion to decline the replacement.