Court dispenses with duty to send administrator's proposals and hold initial creditors meeting

Court dispenses with duty to send administrator's proposals and hold initial creditors meeting

Did commercial necessity permit the administrators to dispense with the duty to send administrator’s proposals and hold an initial creditors meeting?

Case

In the matter of UK Coal Operations Ltd and other companies [2013] EWHC 2581 (Ch), [2013] All ER (D) 71 (Sep)

How did the issue arise in this case?

The closure of Daw Mill mine following a fire in March 2013 had threatened the ongoing viability of UK Coal Operations’ remaining operations and a restructuring plan had been agreed with the creditors of the companies, including the Industry Wide Pension Funds. The restructuring involved the companies firstly entering administration before moving to a creditors’ voluntary liquidation a few days later where onerous liabilities would be disclaimed by the liquidators.

The applicants in

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login