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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

12 JUN 2012

Re MK Airlines Ltd (In Liquidation); MK Airlines Property Ltd (In Administration) (Acting by its joint administrators (1) Cowlishaw (2) Langton) v (1) Katz (2) Alexander (As Liquidators of MK Airlines Ltd)

Chancery Division, Nicholas Strauss QC (sitting as a deputy High Court judge), 16 May 2012

The company occupied premises under a lease. It went into administration in June 2008, provisional liquidation in June 2010 and was compulsorily wound up in October 2010. Nicholas Strauss QC (sitting as a deputy judge of the High Court) held that the Lundy Granite principle applied also to provisional liquidations, so that the rent falling due whilst the provisional liquidators retained the premises for the purposes of the provisional liquidation, as so fell to be paid as an expense of the liquidation.

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