19 Mar 2010
PROGRESSIVE CONCEPTS LIMITED (IN LIQUIDATION) V PROPERTY AND MAINTENANCE MANAGERS LIMITED HC TAU CIV-2010-470-92
- Citation
- openlaw-77e90d25_85a0_4386_81c9_85473b9ff888.pdf
- Court
- High Court
The defendant failed to demonstrate any proper grounds for a stay or to restrain advertising; a mere intention to propose a compromise with creditors, unsubstantiated and speculative, does not justify interrupting the liquidation process, therefore the application for a stay and for restraint of advertising is declined and costs are awarded to the plaintiff on a 2B basis.