Read the full judgment text of HCA 2000/2011 on BabelCite. This High Court CFI judgment was delivered on 17 April 2014.
1. The plaintiff is a company under liquidation; and this is in essence an action by the liquidators for the company against the 1 st , 2 nd and the 3 rd defendants, who were the plaintiff’s shareholders and directors, for diversion of the company’s business to another company set up by them, namely, the 4 th defendant. The defendants applied for security for costs against the plaintiff; but it was refused by the master. This is the defendants’ appeal against the master’s decision.
Cites 5 cases