Joint Official Liquidators of SPhinX Group of Companies v Liquidation Committee, Indemnity Claimants, Deutsche Bank, and Others - Judgment

Whether the court has jurisdiction to sanction the Scheme of Arrangement proposed by the Joint Official Liquidators (JOLs); Whether the reserves set aside under the Scheme are adequate to cover potential liabilities, including contingent liabilities and contribution claims; Whether the Scheme inverts the normal liquidation process by prioritizing shareholders over creditors; Whether the court should impose a secured obligation or undertaking to repay as a condition of sanctioning the Scheme; Whether the modifications to the Scheme require reconvening court meetings or can be approved directly by the court.