30 Aug 2010
SAGE SECURITIES LIMITED V HM ROOD, WFM ROOD, MJ ROOD AND ADVISORY TRUSTEES LIMITED HC WN CIV-2009-485-1150
- Citation
- openlaw-e54b2bd6_c8d7_428c_a314_4a6d1060d504.pdf
- Court
- High Court
The Court held that disclosure of borrowers, guarantors and most securities has largely occurred though not promptly, but the applicant has not yet satisfied the condition requiring it to take all reasonable steps to call up loans and to properly and promptly realise securities; pursuant to its power under s 290(7) Companies Act 1993 the Court ordered further reporting and specific directions to ensure perfection and realisation of securities and reserved costs.