Where the Court is satisfied:
- (a)
- that a particular with respect to a
registrable charge on property of a company has been omitted from, or
misstated in, the Register or a memorandum referred to in section 269;
and
- (b)
- that the omission or misstatement:
- (i)
- was accidental or due to inadvertence or to some other sufficient cause;
or
- (ii)
- is not of a nature to prejudice the position of creditors or
shareholders;
or that on other grounds it is just and equitable to grant relief;
the Court may, on the application of the company or any person interested and
on such terms and conditions as seem to the Court just and expedient, order
that the omission or mis-statement be rectified.