Judgment
In the matter of Sterling Macro between Worthing Properties Ltd v Sterling Macro - Judgment Fund
FSD 0200/2015 (IMJ) · 2017-04-06
Companies Law (2016 Revision), section 92(e) - Winding Up Petition on Just and Equitable Grounds - Extant related proceedings underway in Holland as to beneficial owner of shares in Petitioner - Only asset owned by Petitioner is its interest in the Company - Whether factual basis for Petition proved - whether alleged lack of confidence in those in control of Company justified by their lack of probity, and whether lack of probity objectively justified - whether any sound evidence of dissipation of assets or risk - Unclean hands - improper purpose - abuse of process.
Full metadata
| Cause Number | FSD 0200/2015 (IMJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Mangatal J |
| Parties | In the matter of Sterling Macro between Worthing Properties Ltd v Sterling Macro - Judgment Fund |
| Judgment Date | 2017-04-06 |
| Subject | Companies Law (2016 Revision), section 92(e) - Winding Up Petition on Just and Equitable Grounds - Extant related proceedings underway in Holland as to beneficial owner of shares in Petitioner - Only asset owned by Petitioner is its interest in the Company - Whether factual basis for Petition proved - whether alleged lack of confidence in those in control of Company justified by their lack of probity, and whether lack of probity objectively justified - whether any sound evidence of dissipation of assets or risk - Unclean hands - improper purpose - abuse of process. |
| Filename (current) | 17-04-06-Sterling-Macro-Fund-Winding-Up-Judgment-No-4.pdf |