Karibukai Limitedv v Sky High Holdings Limited (as purported fondholder and as purported agent of the bondholder's trustee the JCSD Trustee Services Limited) v Mystic Mountain Limited (In Receivership and Bankruptcy)

Insolvency - Receivership – Receiver appointed under Debenture- Application for injunction to prevent Receiver exercising power of sale - Whether serious issue to be tried- Adequacy of damages - Balance of convenience – Section 79 Insolvency Act and section 46(2) Security Interest in Personal Property Act - Whether Receiver acted in good faith - Whether best price reasonably obtainable - Whether court has jurisdiction to make supervisory order in relation to the power of sale.