A creditor is not able to enforce his rights directly against a third party holding money in trust for the debtor. Without taking out a winding up order he has no locus standi to claim. Case against Irish company to be dropped and restarted in Ireland.
Citations:
Times 06-Nov-1998, Gazette 04-Nov-1998
Jurisdiction
Updated: 09 April 2022; Ref: scu.82651