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Judgment · jid 5211 · pdb #3556

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

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