Judgment
In the matter of HQP Corporation Ltd and in the matter of Direct Lending Income Feeder Fund Ltd - Judgment
[2025] CICA (Civ) 19
· CICA (CIVIL) APPEAL NO. 0016 OF 2023 and CICA (CIVIL) APPEAL NO. 0014 OF 2024 · 2025-Nov-07
Whether misrepresentation claims by shareholders are barred from proof in liquidation (Houldsworth rule); whether such claims, if provable, rank pari passu with or subordinate to other creditors; whether contractual waterfalls in Articles of Association affect priority of misrepresentation claims.
Full metadata
| Neutral Citation | [2025] CICA (Civ) 19 |
|---|---|
| Cause Number | CICA (CIVIL) APPEAL NO. 0016 OF 2023 and CICA (CIVIL) APPEAL NO. 0014 OF 2024 |
| Court | Court of Appeal |
| Judgment Date | 2025-Nov-07 |
| Subject | Whether misrepresentation claims by shareholders are barred from proof in liquidation (Houldsworth rule); whether such claims, if provable, rank pari passu with or subordinate to other creditors; whether contractual waterfalls in Articles of Association affect priority of misrepresentation claims. |
| Category | Civil |
| Filename (current) | CICACIV1424&162311072025HQPDIRECTLENDING.pdf |