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
Case Number
2010CD00001
Presiding Judge
Year
Neutral Citation
[2012]JMCC COMM.NO.6
Date of Delivery