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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

26 MAY 2011

National Westminster Bank plc v (1) Kapoor, (2) Tang [2011] EWHC 255 (Ch); [2011] BPIR 842

A company which was a connected creditor of K assigned part of its debt to an individual as a mechanism designed to ensure that an IVA was accepted by K’s creditors. Another creditor of K, a bank, applied to revoke the approval of the IVA on the grounds that there was a material irregularity at or in relation to such meeting and or that the decision of the chairman to treat the claim of the individual as a claim not associated with K be set aside.


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