Pre-pack administration supported by the High Court despite opposition by majority creditor | Practical Law

Pre-pack administration supported by the High Court despite opposition by majority creditor | Practical Law

DKLL Solicitors v Revenue and Customs [2007] EWHC 2067 (Ch) (06 March 2007)

Pre-pack administration supported by the High Court despite opposition by majority creditor

by PLC Finance
Published on 19 Sep 2007England
The High Court has made an administration order to enable the immediate sale of an insolvent firm's business despite opposition to the sale by the majority creditor of the firm and despite the fact that the majority creditor would not be given the opportunity to vote against the sale at a creditors' meeting.