C&H Property Development Company Limited v Capital and Credit Merchant Bank Limited

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 liabilities exceed assets