White v Davenham Trust Ltd [2011] EWCA Civ 747; [2011] WLR (D) 212
“A guarantor of a debt could not set aside a statutory demand served by a creditor where the creditor had security over the assets of the principal debtor, and so could not serve a statutory demand on the principal debtor because of rule 6.5(4)(c) of the Insolvency Rules 1986, but had the benefit of an unsecured debt owed by the guarantor.”
WLR Daily, 28th June 2011
Source: www.iclr.co.uk
