13 Mar 2014
No costs awarded because respondent had reasonable grounds to issue the demand and would likely have withdrawn it if applicant had raised its objections earlier; applicant delayed in raising grounds until filing so costs are to lie where they fall.
21 Mar 2012
The Court held the trailers were not collateral under a security agreement between Universal Trucks and the debtor named in the financing statements (van der Oord), so the s162(c) ground for the liquidator's demand existed; however the trailers were collateral under a security agreement as applied to Chars Transport Ltd, and therefore the appropriate remedy was to amend the financing statements to record the debtor as Chars Transport Limited and to maintain the registration on that condition.