The Court has no authority to make an order to control how any future liquidator of a company should distribute the assets on insolvency. It is wrong to seek to fetter his acts and discretions in this way.
Citations:
Times 19-May-1997
Statutes:
Insolvency Act 1986 18(3), 14(3)
Jurisdiction:
England and Wales
Insolvency
Updated: 08 April 2022; Ref: scu.82126
