In the matter of MSOLD1 Limited (in administration)

In the matter of MSOLD1 Limited (in administration)

Given the absence of assets in the company, the lack of a viable CVA proposal, and the need to investigate the transactions and protect creditors' interests, the administration should cease, a winding up order should be made on the suspended petition, and the joint administrators should be appointed as liquidators.

Parties
Applicant/joint Administrator: Benjamin Neil Jones; Applicant/joint Administrator: Arvindar Jit Singh; Company: MSOLD1 Limited (in administration); Respondent/interested Party: Maker&Son Ops Limited; Respondent/director/interested Party: Jack Mason
Jurisdiction
England and Wales
Judgment Date
18 November 2022
Procedural Posture
Insolvency/administration/winding Up / Application for Termination of Administration, Winding Up Order, and Appointment of Liquidators
Outcome
Application granted
Legal Topics
Administration Termination, Compulsory Winding Up, Appointment of Liquidators, Void Dispositions Under Insolvency, Creditors' Voluntary Arrangements (cva)
Insolvency Law Company Law Administration Termination Compulsory Winding Up Appointment of Liquidators Void Dispositions Under Insolvency Creditors' Voluntary Arrangements (cva)

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Parties

Benjamin Neil Jones

Applicant/joint Administrator

Arvindar Jit Singh

Applicant/joint Administrator

MSOLD1 Limited (in administration)

Company

Maker&Son Ops Limited

Respondent/interested Party

Jack Mason

Respondent/director/interested Party

Procedural Posture

Insolvency/administration/winding Up / Application for Termination of Administration, Winding Up Order, and Appointment of Liquidators

Legal Issues

  1. 1 Whether administration of MSOLD1 Limited should cease
  2. 2 Whether a winding up order should be made on the suspended petition
  3. 3 Whether the joint administrators should be appointed as liquidators

Ratio Decidendi

Given the absence of assets in the company, the lack of a viable CVA proposal, and the need to investigate the transactions and protect creditors' interests, the administration should cease, a winding up order should be made on the suspended petition, and the joint administrators should be appointed as liquidators.

Court Disposition

Application granted

Orders

  • Administration of MSOLD1 Limited to cease from specified date and time
  • Suspension of the DHL winding up petition to end