The claimants, the former administrators of Sunnyside Holiday Park Ltd sought an order that the unpaid balance of their remuneration and expenses is by para 99(3) of Sch B1 Insolvency Act 1986 charged on and payable out of a sum of pounds 62,646.06 said to be payable by the first defendant (‘the Bank’) to the company as redress in respect of potential mis-selling of certain interest rate swaps. Since they say more than that amount is due to them they seek a consequential order that the Bank should pay the whole redress payment direct to them.
Judges:
HHJ David Cooke
Citations:
[2016] EWHC 315 (Ch)
Links:
Jurisdiction:
England and Wales
Insolvency
Updated: 08 July 2022; Ref: scu.560325
