Hearings
England & Wales
17 Jun 2009 [2009] EWCA Civ 581; [2010] Bus LR 119; [2010] 2 All ER 688; [2009] WLR (D) 196, CA
Octagon Assets Ltd v Remblance
Subject Matter
BANKRUPTCY — Debt — Statutory demand — Guarantor covenanting that tenant company would comply with obligations to landlord under lease — Tenant becoming indebted to landlord — Tenant's cross-demand preventing landlord bringing insolvency proceedings against tenant — Landlord instead issuing statutory demand against guarantor — Guarantor applying to set aside statutory demand — Whether guarantor's ability to pay tenant's debt good reason for refusing application — Whether co-extensive nature of guarantor's and tenant's obligations under guarantee making it just to set aside statutory demand — Insolvency Rules 1986, r 6.5(4)(a)(d)
Appellate History
Octagon Assets Ltd v Remblance [2008] EWHC 1938 (Ch); [2008] EWHC 3604 (Ch)
Decisions of Mann J reversed
Octagon Assets Ltd v Remblance [2009] EWCA Civ 581; [2010] Bus LR 119; [2010] 2 All ER 688; [2009] WLR (D) 196, CA