Application for leave to appeal against refusal of appeal against refusal to set aside statutory demand. Refused. Citations: [1999] EWCA Civ 787 Statutes: Insolvency Act 1986 270 Jurisdiction: England and Wales Insolvency Updated: 29 May 2022; Ref: scu.145702
An expedited bankruptcy petition could be filed, despite the existence of an outstanding application to set aside the statutory demand on which it was based. Section 270 overrides section 267(2(d). Judges: Mummery J Citations: Times 12-Jul-1993 Statutes: Insolvency Act 1986 270, Insolvency Rules 1986 (1986 No 1925) Insolvency Updated: 15 May 2022; Ref: scu.77574
Two shareholders held more than 90% of the issued shares of the company. To get rid of the holder of the remaining shares, they incorporated another company for the purpose of acquiring all the shares of the company. The acquiring company offered to purchase the company’s shares at a proper value. The majority shareholders accepted … Continue reading Re Bugle Press Ltd: ChD 1961
Proposed appeal from a decision dismissing the Appellant’s application, made pursuant to section 282(1)(a) of the Insolvency Act 1986, to annul a bankruptcy order made against the Appellant. Citations: [2019] EWHC 2701 (Ch) Links: Bailii Jurisdiction: England and Wales Insolvency Updated: 07 September 2022; Ref: scu.642771
Shareholders with over 90% of the issued shares sought to acquire the remaining shares, and create another company to do so. That company offered to purchase the shares at a valuation. The majority shareholders accepted but the minority shareholder refused. The new company gave notice to exercise the statutory power of compulsory acquisition under the … Continue reading Re Bugle Press Ltd: CA 2 Jan 1961
‘This judgment concerns the construction and effect of agreements made since the commencement of the administration of Lehman Brothers International (Europe) (LBIE) between LBIE acting by its joint administrators and very significant numbers of its creditors.’ David Richards J [2015] EWHC 2270 (Ch) Bailii Insolvency Act 1986 Citing: See Also – Lomas and Others v … Continue reading Lomas and Others v Burlington Loan Management Ltd and Others: ComC 31 Jul 2015
