Ruling court High Court of Justice | ||
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Citation(s) [2004] EWHC 932, Ch, [2004] 2 All ER 911 | ||
Re Transbus International Ltd [2004] EWHC 932 (Ch) is a UK insolvency law case, concerning the discretion of an administrator to trade with a company's assets.
Contents
Facts
The administrators of Transbus International Ltd applied to the court under IA 1986 Sch B1, para 63 for directions about whether or not they could effect a sale of the business.
Judgment
Lawrence Collins J held the administrator can act without creditor approval or court approval, if he thinks it in the best interest of creditors.
References
Re Transbus International Ltd Wikipedia(Text) CC BY-SA