CA: Lord Neuberger of Abbotsbury MR, Longmore, Patten LJJ:
6 November 2009
COMPANY — Scheme of arrangement — Sanction of court — Company in administration — Administrators proposing scheme of arrangement involving distribution of property held by company on trust — Whether scheme dealing with proprietary claims “a compromise or arrangement” between company and its creditors or any class of them — Whether within jurisdiction of court to sanction proposed scheme — Companies Act 2006, ss 895, 899
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