Court finds that securities council did consider Banks DIH application for new holding company

-sets timeframe for decision to be made once relevant info submitted

-urges `less emotive and combative discourse’

Contrary to contentions made by Banks DIH (BDIH) Limited, a High Court Judge has ruled that the Guyana Securities Council (GSC) did consider an application it had made to incorporate Banks DIH Holdings Inc., (BDIHHI) as the new holding company of BDIH shares.

Both BDIH and BDIHHI (the Applicants) had approached the court seeking judicial review of what they argued was the GSC’s refusal to consider its application.

The Court has now granted time and ordered the Applicants to provide to the GSC (the Respondent) the documentary evidence its requested, so that a decision can be made on the application