A company entered into a voluntary arrangement, but only maintained payments at the expense of incurring substantial further post-CVA losses. The liquidators sought directions for payment of undistributed sums received by them. A standard form agreement was in place under which it could not be said that any such sum could be held on trust for the company or its creditors.
Citations:
Gazette 18-May-2000
Jurisdiction:
England and Wales
Insolvency
Updated: 18 July 2022; Ref: scu.81756
