A court has no jurisdiction to make an order which seeks to bind future decisions of future liquidator in favour of group of creditors.
Judges:
Mr Justice Lightman
Citations:
Gazette 18-Jun-1997, [1997] 1 WLR 1280
Statutes:
Insolvency Act 1986 18(3) 14(3)
Jurisdiction:
England and Wales
Cited by:
Cited – In re Luna Metal Products Ltd (in Administration) CA 14-Dec-2006
The administrators held cash. They proposed a distribution giving creditors who would on a winding up be preferential, full preference. They appealed refusal by the court to sanction the proposal.
Held: The court had no power to make such an . .
Lists of cited by and citing cases may be incomplete.
Insolvency
Updated: 08 April 2022; Ref: scu.82127
