Creditors of the company sought relief, saying the voluntary arrengement made had been based upon the omission of material by the insolvency practitioner.
Held: A court could intervene in such a case only where the actions of the practitioner were such that no reasonable practitioner would do. When asked questions, the practitioner had to give fair and balanced answers.
Judges:
Lewison J
Citations:
Times 23-Apr-2004
Jurisdiction:
England and Wales
Citing:
Cited – Somji v Cadbury Schweppes Plc CA 20-Dec-2000
Where a party’s agreement to an individual voluntary arrangement had been obtained by an advantage offered to that creditor but not disclosed to others, the entire arrangement could be set aside. In this case the offer to purchase a debt after the . .
Lists of cited by and citing cases may be incomplete.
Insolvency, Company
Updated: 28 June 2022; Ref: scu.196712