Judgment
In the Matter of Saad Investments Co Ltd (In Official Liquidation) - Ruling
FSD 0015/2010 (ASCJ) · 2019-10-01
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 0015/2010 (ASCJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Smellie CJ |
| Parties | In the Matter of Saad Investments Co Ltd (In Official Liquidation) - Ruling |
| Judgment Date | 2019-10-01 |
| Subject | 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. |
| Filename (current) | 19-10-01-SAAD-Investment-Co-Ltd-In-Official-Liquidation.pdf |
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