Court:
Supreme Court
Catchwords:
Company Law-Law f trusts-Financial Services Commission Act-FSC assuming temporary management of institution carrying on both securities and cambio business-applying for stay of proceedings commenced against institution-subsequent filing of Winding Up Petition by the FSC-cambio operation-whether trust arises when moneys paid for particular purpose not fulfilled-whether funds become assets of insolvent company or whether impressed with a trust-Methods of distribution of assets when assets insufficient to fulfil all claims-Bills of Exchange Act-dishonoured cheques-liquidated damages-entitlement to judgment for amount stated in cheque
Document Type:
Year:
2012
Suit/Claim number:
2011 HCV 03174
Neutral Citation:
[2012] JMSC Civ nO. 57