Judgment
In the matter of Saad Investment Co Ltd - Ruling on JOLs' Sanction Application
FSD 0015 OF 2010 (ASCJ) · 2019-Oct-01
FSD - Liquidators' application for sanction of proposal for interim payment of dividends - existence of competing proprietary claims to all assets - whether liquidators allowed to distribute dividends despite being on notice of the competing proprietary claims - legal tests for grant of sanction by the Court in such circumstances - requirements of adequate security for repayment of the distribution if proprietary claims succeed.
Full metadata
| Cause Number | FSD 0015 OF 2010 (ASCJ) |
|---|---|
| Court | Grand Court |
| Judgment Date | 2019-Oct-01 |
| Subject | FSD - Liquidators' application for sanction of proposal for interim payment of dividends - existence of competing proprietary claims to all assets - whether liquidators allowed to distribute dividends despite being on notice of the competing proprietary claims - legal tests for grant of sanction by the Court in such circumstances - requirements of adequate security for repayment of the distribution if proprietary claims succeed. |
| Category | Financial Services Division |
| Filename (current) | 6IMINBKOIGHD1E7635299D69DEABCBFDB59EE5DC28C581F83281.pdf |
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