Re Gatnom Capital & Finance Ltd; Macaria Investments Ltd v (1) Sanders (2) Gatnom Capital & Finance Ltd  EWHC 3353 (Ch);  BPIR Issue 4
In revoking a CVA on the basis of material irregularity, Roth J held that the chairman of the creditors’ meeting should not have permitted two creditors to vote, albeit marked as objected to. On the balance of probabilities, those creditors’ claims, amounting to 80% of the debts of the company, were based on sham contracts.
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