In the Matter of Zamin Ferrous Ltd - Judgment
Restoration of a struck‑off company; construction and application of Companies Act (2023 Revision) s.159; whether contingent creditors have standing; application of GCR O.102 r.18 and Companies Winding Up Rules O.3 r.6; principles governing restoration including whether the company was carrying on business or whether restoration is “just”; relevance of prior authorities (Margara Shipping; Mango Jam) confirming contingent creditor status; effect of foreign proceedings and substantial claim (US$17M) on standing and justice of restoration. Companies Act s.159; Restoration of Companies; Insolvency Procedure; Court’s Discretion. Company Law; Insolvency; Civil Procedure
| Cause Number | FSD 0012/2023 (DDJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Doyle J |
| Parties | In the Matter of Zamin Ferrous Ltd - Judgment |
| Judgment Date | 2023-02-23 |
| Subject | Restoration of a struck‑off company; construction and application of Companies Act (2023 Revision) s.159; whether contingent creditors have standing; application of GCR O.102 r.18 and Companies Winding Up Rules O.3 r.6; principles governing restoration including whether the company was carrying on business or whether restoration is “just”; relevance of prior authorities (Margara Shipping; Mango Jam) confirming contingent creditor status; effect of foreign proceedings and substantial claim (US$17M) on standing and justice of restoration. Companies Act s.159; Restoration of Companies; Insolvency Procedure; Court’s Discretion. Company Law; Insolvency; Civil Procedure |
| Filename (current) | 23-02-23-In-the-matter-of-Zamin-Ferrous-Ltd-Judgment-FSD-12-of-2023-DDJ.pdf |
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