In re OAS Realisations (2022) Ltd

Subject Matter

INSOLVENCY — Liquidation — Conversion from administration — Administrators wanting to use notice procedure to move company from administration to creditors’ voluntary liquidation — Applicability of procedure conditional on administrators thinking distribution to be made to company’s unsecured creditors — Whether preferential creditors “unsecured creditors” — Insolvency Act 1986 (c 45), Sch B1, para 83(1)

[2024] EWHC 1491 (Ch); [2024] Bus LR 1146; [2024] WLR(D) 279, Ch D

Legislation Considered

Statutes

Insolvency Act 1986 (c 45), Sch B1, para 83(1)

Cases Cited

Cases cited in: In re OAS Realisations (2022) Ltd [2024] EWHC 1491 (Ch); [2024] Bus LR 1146; [2024] WLR(D) 279, Ch D

In re Elgin Legal Ltd [2016] EWHC 2523 (Ch); [2018] 1 BCLC 521, Ch D

In re Kilnoore Ltd [2005] EWHC 1410 (Ch); [2006] Ch 489; [2006] 2 WLR 974; [2005] 3 All ER 730; [2006] 2 BCLC 140; [2005] BPIR 1472, Ch D

In re Mederco (Cardiff) Ltd [2021] EWHC 386 (Ch); [2021] 2 BCLC 60, Ch D

In re Nortel Networks UK Ltd [2017] EWHC 3299 (Ch); [2018] 1 BCLC 513, Ch D