||All England Reporter
|| All ER (D) 18 (Sep)
|| EWHC 2230 (Ch)
||Chancery Division, Birmingham District Registry
Judge Lance Ashworth QC
||Alec McCluskey (instructed by Eversheds Sutherland LLP) for the bank.
||Guy Adams (instructed by Michelmores LLP) for the first defendant.
||The second defendant appeared in person.
||5 September 2017
Bank - Securities - Enforcing securities
Bank Securities. The claimant bank's claim against the defendants for sums due under financing agreements and a guarantee was allowed, along with its claim for a possession order in respect of two properties. Among other things, the Chancery Division held that, the first defendant's claim that the bank was estopped from enforcing its security before he had had the opportunity to conduct a sale of assets to reduce the debt to the bank, had failed at the first hurdle.
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