4 Mar 2009
IRONWOOD CAPITAL LTD v. KTH CAPITAL MANAGEMENT LTD
- Citation
- IRONWOOD CAPITAL LTD v. KTH CAPITAL MANAGEMENT LTD
- Court
- Court of First Instance
- Case number
- HCA2836/2004
The court held that producing bank statements alone does not satisfy the summary account order; the defendant, being an accounting party in respect of monies invested from the ABN Account, must replace Exhs WD2-WD7 with a proper summary account detailing movements between the ABN Account and the Sub-Account, investments made on behalf of the plaintiff and monies returned, in accordance with paragraph 1(A)–(D) of the 20 November 2007 order within 28 days. Given partial compliance and effort by the defendant, an 'unless' order was not warranted; consequential procedural relief and a costs nisi…