C&H Property Development Company Limited v Capital And Credit Merchant bank limited

Case Number: 
2010CD00001
Neutral Citation: 
[2012]JMCC COMM.NO.6
Date of Delivery: 
04.05.2012

Company Law - Security for costs application under Section 388 Companies Act- What constitutes credible testimony of reason to believe company will be unable to pay costs - Sub-sections 221(a) and 221(c) Companies Act - Different requirements - When company deemed to be unable to pay debts - Inability/failure to pay debts more crucial test of insolvency than whether liabilites exceed assets

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