||All England Reporter
|| All ER (D) 12 (Nov)
John Jarvis QC sitting as a deputy judge of the High Court
||The debtors appeared in person.
||Hugh Jolly for the petitioning creditor.
||31 October 2002
Companies - Insolvency - Voluntary arrangement - Creditor seeking to avoid arrangement - Proposed arrangement 'serious and viable' - Insolvency Act 1984, s 252.
On an appeal against a decision by the district judge that the debtors' proposal for a voluntary arrangement was not serious and viable, the court held that the approach of the district judge had been wrong in principle in that he had taken account of irrelevant considerations, and that the proposal was in fact both serious and viable. Accordingly, the appeal would be allowed.
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