References: Times 15-Nov-1990
Where assets had been seized in criminal proceedings, the court had power to order a payment to creditors only where the value of the assets would not be reduced.
This case is cited by:
- Cited – In re X (Restraint Order: Payment out) QBD (Times 03-Jun-04)
A restraint order had been made in respect of the defendant’s assets pending trial. Application was made to release a sum to pay the defendant’s company debts.
Held: A payment could be made only where the the realisable value of the property . .