Iguanas Holdings Limited, Re

Iguanas Holdings Limited, Re

The court was satisfied that the jurisdictional preconditions under Part 26A Companies Act 2006 were met, the proposed class constitution was appropriate, sufficient notice and information had been provided, and no material roadblocks existed. The objection of the Class A landlords was resolved by their exclusion from the plan. The court granted the orders to convene the creditor meetings as proposed.

Parties
Applicant/plan Company: Iguanas Holdings Limited; Objecting Creditor (class a Landlords): Meadowhall Nominee One Limited and Meadowhall Nominee Two Limited
Jurisdiction
England and Wales
Judgment Date
06 May 2026
Procedural Posture
Insolvency/restructuring (convening Hearing) / Application for Directions to Convene Creditor Meetings Under Part 26 a Companies Act 2006
Outcome
Application granted
Legal Topics
Restructuring Plan, Class Constitution, Creditor Meetings, Jurisdictional Preconditions, Notice Requirements
Insolvency Law Company Law Restructuring Plan Class Constitution Creditor Meetings Jurisdictional Preconditions Notice Requirements

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Parties

Iguanas Holdings Limited

Applicant/plan Company

Meadowhall Nominee One Limited and Meadowhall Nominee Two Limited

Objecting Creditor (class a Landlords)

Procedural Posture

Insolvency/restructuring (convening Hearing) / Application for Directions to Convene Creditor Meetings Under Part 26 a Companies Act 2006

Legal Issues

  1. 1 Whether the jurisdictional preconditions under Part 26A Companies Act 2006 are satisfied
  2. 2 Whether the proposed class constitution for creditor meetings is appropriate
  3. 3 Whether sufficient notice and information has been provided to creditors

Ratio Decidendi

The court was satisfied that the jurisdictional preconditions under Part 26A Companies Act 2006 were met, the proposed class constitution was appropriate, sufficient notice and information had been provided, and no material roadblocks existed. The objection of the Class A landlords was resolved by their exclusion from the plan. The court granted the orders to convene the creditor meetings as proposed.

Court Disposition

Application granted

Orders

  • Directions given to convene seven creditor meetings (excluding Class A landlords) to consider the restructuring plan under Part 26A Companies Act 2006
  • Approval to rely on expert reports granted