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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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I have had a court order and one paragraph reads as follows the

Resolved Question:

I have had a court order and one paragraph reads as follows
the company, at risk as to the possibility that an order for costs against it may be made on the indemnity basis if any petition presented is hereafter dismissed, be authorised to present a petition on or after 16 april 2015
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you with this.
What it means is that a petition can be granted after 16th April 2015, but if it is and the petition is not granted, the Company presenting it will be required to pay costs.
Costs on the indemnity basis are all those claimed, whether or not they are reasonable.
Can I clarify anything for you about this today please?
Alex
Customer: replied 2 years ago.

thank you but I still have no idea what this means,,

can you please explain it to me in real layman language

Expert:  Ash replied 2 years ago.
If the person presenting the bankruptcy loses - they pay lots of costs.
Alex
Ash and 2 other Law Specialists are ready to help you
Expert:  Ash replied 2 years ago.
Hi

I am just following up on this. Is there anything else I can help with? If so, please let me know.

Alex.