DSTBTD Limited, Re
The restructuring plan meets statutory requirements, was approved by requisite creditor majorities with fair representation, provides better returns than insolvency alternatives, and is rational for creditors; therefore, the plan is sanctioned.
- Parties
- Company: DSTBTD Limited; Creditor: HMRC; Acquirer/connected Party Creditor: DNY Investment Holding Limited; Counsel: Mr Andrew Mace
- Jurisdiction
- England and Wales
- Judgment Date
- 17 September 2025
- Procedural Posture
- Company Restructuring / Sanction Hearing
- Outcome
- restructuring plan sanctioned
- Legal Topics
- Restructuring Plan, Creditor Meetings, Connected Party Creditors, Winding Up Petition, Scheme of Arrangement
Case Brief
Summary, issues, holding and outcome
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Parties
DSTBTD Limited
Company
HMRC
Creditor
DNY Investment Holding Limited
Acquirer/connected Party Creditor
Mr Andrew Mace
Counsel
Procedural Posture
Company Restructuring / Sanction Hearing
Legal Issues
- 1 Whether the restructuring plan under Part 26A Companies Act 2006 should be sanctioned
- 2 Whether statutory and procedural requirements for creditor meetings and approval are met
- 3 Whether the plan provides a better outcome than liquidation or administration
Ratio Decidendi
The restructuring plan meets statutory requirements, was approved by requisite creditor majorities with fair representation, provides better returns than insolvency alternatives, and is rational for creditors; therefore, the plan is sanctioned.
Court Disposition
restructuring plan sanctioned
Orders
- Restructuring plan under Part 26A Companies Act 2006 sanctioned
- HMRC winding-up petition dismissed with no order as to costs
Full Case Text
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