Mr Gregory in accordance with Companies Act 1948, section 223 (now Insolvency Act 1986, section 123) served a notice demanding payment of a £33,000 debt within 21 days.
Blackett-Ord VC found there was a bona fide dispute about whether Mr Gregory was a creditor for a sum presently due and granted the injunction, provided that in three weeks the company would make a declaration of solvency.