Ocean Chimo Ltd v. Royal Bank (Jamaica) Ltd (RBC), Royal Bank (T & T) Ltd (RBC), Royal Bank of Canada, Samuel Billard, Raymond Chung and Greg Smith

Company-Claim brought by company directions against debenture holders-Company later placed in receivership-Appointment of receiver by debenture holders-Directors continuing claim without consent of receiver-Debenture holders applying to have claim struck out for failing to secure receiver's consent-Concurrent power in receiver and directions to bring action in the name of the company-Whether consent of receiver required-Whether indemnity necessary if no consent is given-Whether claim should be struck out if no security for costs is provided-Applicability of section 388 of Companies Act