Where a company receives a request under section 744 (register of debenture holders: right to inspect and require copy), it must within five working days either—
comply with the request, or
apply to the court.
If it applies to the court it must notify the person making the request.
If on an application under this section the court is satisfied that the inspection or copy is not sought for a proper purpose—
it shall direct the company not to comply with the request, and
it may further order that the company's costs (in Scotland, expenses) on the application be paid in whole or in part by the person who made the request, even if he is not a party to the application.
If on an application under this section the court does not direct the company not to comply with the request, the company must comply with the request immediately upon the court giving its decision or, as the case may be, the proceedings being discontinued.