In re Saad Cayman Limited (In Official Liquidation) - Ruling
Interpretation and application of Insolvency Practitioners Regulations (IPR); validity of remuneration basis combining hourly rates and percentage recoveries; treatment of fees of GTUK as disbursements; liquidator conflict‑of‑interest concerns; oversight function of liquidation committee; court’s role in approving remuneration; inherent jurisdiction to enforce compliance with IPR; standing of contingent creditor (AHAB); directions requiring future review of work‑location decisions and rates; refusal to revisit past approvals; limitations on retrospective variation of remuneration
All PDF copies on file (2)
Every PDF we hold for this judgment is listed here, including legacy versions pulled from earlier upstream pipelines. Each carries a provenance note so the source of each copy is explicit.
| Cause Number | FSD 0015/2010 (ASCJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Smellie CJ |
| Parties | In re Saad Cayman Limited (In Official Liquidation) - Ruling |
| Judgment Date | 2012-03-02 |
| Subject | Interpretation and application of Insolvency Practitioners Regulations (IPR); validity of remuneration basis combining hourly rates and percentage recoveries; treatment of fees of GTUK as disbursements; liquidator conflict‑of‑interest concerns; oversight function of liquidation committee; court’s role in approving remuneration; inherent jurisdiction to enforce compliance with IPR; standing of contingent creditor (AHAB); directions requiring future review of work‑location decisions and rates; refusal to revisit past approvals; limitations on retrospective variation of remuneration |
| Filename (current) | 12-03-02-Saad-Cayman-Limited-In-Official-Liquidation-In-re.pdf |
| File MD5 | 8f42a070c4914465b925afa42f1188b3 |
| Source pipeline | pdb |
| PDB record ID | 3560 |
| PDB URL | https://judicial.ky/n0c-storage/judgments-repository2/12-03-02-Saad-Cayman-Limited-In-Official-Liquidation-In-re.pdf |