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Company – Voluntary winding up. The respondent company had successfully appealed against a judge's order that property in the liquidation of another company should be sold to the two appellants. The Privy Council allowed the appellants' appeal, holding that the judge's order had not been flawed to such an extent that it should be set aside. In particular, the parties had been aware that the judge intended to sanction the sale to the highest bid received by a specified date and time and the fact that the terms of sale had been provided shortly before that deadline had not, on the facts, been unfair.
Company – Voluntary winding up. The respondent company had successfully appealed against a judge's order that property in the liquidation of another company should be sold to the two appellants. The Privy Council allowed the appellants' appeal, holding that the judge's order had not been flawed to such an extent that it should be set aside. In particular, the parties had been aware that the judge intended to sanction the sale to the highest bid received by a specified date and time and the fact that the terms of sale had been provided shortly before that deadline had not, on the facts, been unfair.
Chair of the Bar reports back
Marie Law, Director of Toxicology at AlphaBiolabs
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