Re Stanleybet UK Investments Ltd  EWHC 2820 (Ch), (Sales J, 5 October 2011)
X, a holding company owned by A and B in equal shares was placed into administration on the application of A. The joint administrators proposed to sell shares held by X in a subsidiary, Y. A offered to purchase the shares. The joint administrators believed that the sale would provide the best return for X’s creditors. B, which was also the majority creditor, was not satisfied that the shares had been marketed properly and voted down the proposal.
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