15 Feb 2010
A J PARK V NEPRI LIMITED (IN LIQUIDATION) HC AK CIV-2009-404-2629
- Citation
- openlaw-d7e822bb_627e_4788_ad31_40b87ff249e2.pdf
- Court
- High Court
Court exercised its s305(10) discretion to permit HSI to withdraw the deemed surrender because HSI's failure to elect was caused by a misunderstanding, there was no established prejudice or significant delay to the liquidation or other creditors, and any disputes about the existence or quantum of the debt and conflicts could be pursued in other proceedings.