Judgment
In the Matter of Green Economy Development Limited - Ex Tempore Judgment
FSD 0294/2023 (IKJ) · 2023-11-29
Capital reduction sanction petition-no diminution in shareholders’ liability or return of capital-governing principles-Companies Act (2023 Revision), sections 14-16. Court sanction of capital reduction; Creditor protection in capital reorganisation; Dispensation with list of creditors under Companies Act s.15; Judicial scrutiny of unopposed capital reduction petitions. Company Law; Capital Maintenance; Civil Procedure
Full metadata
| Cause Number | FSD 0294/2023 (IKJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | In the Matter of Green Economy Development Limited - Ex Tempore Judgment |
| Judgment Date | 2023-11-29 |
| Subject | Capital reduction sanction petition-no diminution in shareholders’ liability or return of capital-governing principles-Companies Act (2023 Revision), sections 14-16. Court sanction of capital reduction; Creditor protection in capital reorganisation; Dispensation with list of creditors under Companies Act s.15; Judicial scrutiny of unopposed capital reduction petitions. Company Law; Capital Maintenance; Civil Procedure |
| Filename (current) | 23-11-29-In-the-Matter-Of-Green-Economy-Development-Limited-FSD-294-of-2023-IKJ-Ex-Tempore-Judgment.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 14, 15 (2), 15 (3), 15 and 16 | 6 |
| Grand Court Rules - Vol I - Orders (subordinate) | — | 1 |
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