The Business Law Reports
[2009] Bus LR 1627
Chancery Division
In re
Dairy Farmers of Britain Ltd
[2009] EWHC 1389 (Ch)
2009 June 3;
18
Henderson J
Insolvency— Receivership— Industrial and provident society— Bank with floating charge over society’s property seeking appointment of joint receivers— Statutory prohibition on holder of floating charge from appointing administrative receiver of company— Whether industrial and provident society “company”— Whether prohibition applying to society— Whether receiver of society’s property “administrative receiver”— Whether subject to provisions relating to personal liability for contract—
Insolvency Act 1986 (c 45) (as amended by Enterprise Act 2002 (c 40), s 250(1)), ss 29(2), 37, 72A