Houst Ltd, Re [2022] EWHC 1765 (Ch) (14 June 2022)

Houst Ltd, Re [2022] EWHC 1765 (Ch) (14 June 2022)

The statutory requirements for convening meetings under section 901C Companies Act 2006 are satisfied, including jurisdiction, financial difficulty, appropriate class composition, and adequate notice. The court orders the convening of the proposed meetings to consider the restructuring plan.

Citation
[2022] EWHC 1765 (Ch)
Parties
Applicant Company: Houst Limited
Jurisdiction
England and Wales
Judgment Date
14 June 2022
Procedural Posture
Company Restructuring Application / Application for Convening Meetings Under Section 901 C Companies Act 2006
Outcome
Application granted
Legal Topics
Restructuring Plan, Creditors' Meetings, Section 901 C Companies Act 2006, Class Composition, Pre Pack Administration
Insolvency Company Law Restructuring Plan Creditors' Meetings Section 901 C Companies Act 2006 Class Composition Pre Pack Administration

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Parties

Houst Limited

Applicant Company

Procedural Posture

Company Restructuring Application / Application for Convening Meetings Under Section 901 C Companies Act 2006

Legal Issues

  1. 1 Whether the jurisdictional requirements for a restructuring plan under section 901A Companies Act 2006 are satisfied
  2. 2 Whether the proposed class composition for creditor and member meetings is appropriate
  3. 3 Whether adequate notice and information has been given to affected parties

Ratio Decidendi

The statutory requirements for convening meetings under section 901C Companies Act 2006 are satisfied, including jurisdiction, financial difficulty, appropriate class composition, and adequate notice. The court orders the convening of the proposed meetings to consider the restructuring plan.

Court Disposition

Application granted

Orders

  • Order convening five meetings of creditors and one meeting of members to consider the proposed restructuring plan.