Judgment
In re Hurlstone Holdings Ltd - Ruling
FSD 0091/2011 (AJJ) · 2012-03-26
Liquidator’s sanction application under Companies Law Third Schedule; distinction between Part I and Part II sanction powers; power to sell company property; related‑party transactions; construction of Schedule and legislative intent; competing valuations of commercial property; marketing process adequacy; evidence of current market value; best interests of creditors including secured creditor CIBC and guarantor; recommendation for legislative reform; approval of US$2.7m sale
Full metadata
| Cause Number | FSD 0091/2011 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | In re Hurlstone Holdings Ltd - Ruling |
| Judgment Date | 2012-03-26 |
| Subject | Liquidator’s sanction application under Companies Law Third Schedule; distinction between Part I and Part II sanction powers; power to sell company property; related‑party transactions; construction of Schedule and legislative intent; competing valuations of commercial property; marketing process adequacy; evidence of current market value; best interests of creditors including secured creditor CIBC and guarantor; recommendation for legislative reform; approval of US$2.7m sale |
| Filename (current) | 12-03-26-Hurlstone-Holdings-Limited-In-re.pdf |
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