Manny v David Lardner & Associates

The plaintiff in this case sought to reinstate three companies that had previously been in liquidation in order to bring proceedings against the defendants. The companies in question were placed in liquidation and the plaintiff, as a creditor, had an interest in the outcome of the liquidation process. The defendants, David Lardner & Associates, were engaged by the liquidators to manage the liquidation process. The plaintiff sought to reinstate the companies to pursue legal action against the defendants for their role in the liquidation process.

The primary legal issue before the court was whether the plaintiff was entitled to reinstate the companies without the consent of a liquidator. The court considered whether reinstatement was just and equitable in the circumstances of the case. The court noted that the Companies Act provided for the reinstatement of a company that had been in liquidation, but only if it was just and equitable to do so. The court also considered the potential impact of reinstatement on the creditors of the companies, as well as the potential costs associated with the reinstatement process.

The court held that the plaintiff was not entitled to reinstate the companies without the consent of a liquidator. The court noted that the Companies Act required the consent of a liquidator before a company could be reinstated, and that there was no evidence that any liquidator had consented to act upon reinstatement. The court also noted that reinstatement could have a significant impact on the creditors of the companies, and that the plaintiff had not provided any undertaking as to the funding of the costs of a liquidator. The court held that reinstatement was not just and equitable in the circumstances of the case, and declined to grant the plaintiff's application.

The court directed the plaintiff to serve a copy of the judgment on any creditors of the companies and stood the matter over to give the plaintiff the opportunity to bring in a consent of liquidator and any undertaking for the funding of the costs of that liquidator. This meant that the plaintiff had to take certain steps before the court would consider reinstating the companies, including obtaining the consent of a liquidator and providing an undertaking as to the funding of the costs of that liquidator.