Tailby , Re TPS Investments (UK) Ltd [2020] EWHC 1135 (Ch) (11 May 2020)

Tailby , Re TPS Investments (UK) Ltd [2020] EWHC 1135 (Ch) (11 May 2020)

A nine months' extension is appropriate due to unresolved trust claims, pending property sale, and minimal costs; all interested parties consent; the order should record Alpha Companies' consent without acknowledging their status.

Citation
[2020] EWHC 1135 (Ch)
Parties
Applicant: Mark Grahame Tailby
Jurisdiction
England and Wales
Judgment Date
11 May 2020
Procedural Posture
Insolvency Application / Application for Extension of Administrator's Term
Outcome
Application granted
Legal Topics
Administration Extension, Remote Hearings Protocol, Covid 19 Guidance
Insolvency Company Law Administration Extension Remote Hearings Protocol Covid 19 Guidance

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Parties

Mark Grahame Tailby

Applicant

Procedural Posture

Insolvency Application / Application for Extension of Administrator's Term

Legal Issues

  1. 1 Whether to grant a nine months' extension to the administrator's term of office
  2. 2 Appropriate duration of extension
  3. 3 Recording consent of Alpha Companies in the order

Ratio Decidendi

A nine months' extension is appropriate due to unresolved trust claims, pending property sale, and minimal costs; all interested parties consent; the order should record Alpha Companies' consent without acknowledging their status.

Court Disposition

Application granted

Orders

  • Administrator's term extended by nine months to 10 February 2021
  • Order to record Alpha Companies' consent without acknowledgment of their status