||All England Reporter
|| All ER (D) 142 (May)
||Chancery Division, Companies Court
N Strauss QC (sitting as a deputy judge of the High Court)
||Hermann Boeddinghaus (instructed by Eversheds LLP) for the applicant.
||Andrew Clutterbuch (instructed by Rosenblatt) for the respondents.
||16 May 2012
Company - Administration - Administrator - Expenses of administration - Company in administration being former parent company of another company, MKAP - MKAP purchasing main operating premises of company - MKAP leasing property back to company for 15 years - Joint liquidators of company applying to court for declarations - Whether there being binding agreement to reduce rent - Whether rent due during provisional liquidation period to be treated as expense of liquidation.
Company Administration. The Companies Court of the Chancery Division ruled on an application by joint administrators of a company for declarations in respect of the administration of the company, including, inter alia, whether rent allegedly due to be paid by the company to its then subsidiary, under a sale and leaseback, during the provisional liquidation period was to be treated as an expense of the liquidation.
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