Hearings
England & Wales
08 Dec 2015 [2015] EWHC 4069 (Ch); [2017] 1 BCLC 401, Ch D (Judge Hodge QC)
In re Property Edge Lettings Ltd
See also
Subject Matter
INSOLVENCY — Administration — Appointment of administrators — Company borrowing sum from first lender secured by fixed and floating charges — Floating charges automatically crystallising if company creating further security without lender’s consent — Company executing charging deed and debenture in favour of second lender without first lender’s consent — Second lender appointing administrators — Whether first floating charge crystallising on creation of later security — Whether debenture taking effect — Whether administrators validly appointed — Insolvency Act 1986 (c 45), Sch B1, para 14
[2015] EWHC 4069 (Ch); [2017] 1 BCLC 401, Ch D