Re St George's Property Services (London) Ltd (in administration); Clark and another v Finnerty and another  EWHC 2538 (Ch);  BPIR 242
Individuals had guaranteed a company’s obligations in respect of a loan. After the company had entered administration, the administrators refused the guarantors requests to apply to the Court on behalf of the company for relief on the basis that the loan facility was extortionate and, in respect of the default interest, was a penalty.
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