On 11 July 2024 Larne Farms Ltd gave a charge to NW Lending Ltd to secure a loan of £500,000. The loan was to be secured against properties owned by both LFL and a connected company, APD, so two separate
More about HNW Lending Ltd v Registrar of Companies for Northern Ireland & OrsOn 23 March 2023 Cross Transport Ltd went into a moratorium under s A3 Insolvency Act 1986. It incurred protected moratorium debts totalling £643,437. On 5 June 2023 it went into administration following a notice of intention to appoint administrators
More about Cross Transport Ltd (in administration)Ms Maher and Mr Holmes entered into a loan agreement whereby Mr Holmes lent Ms Maher £200,000 for two years subject to interest of 20% per annum and secured against Ms Maher’s freehold property at 36 Coombe Park Road, Coventry.
More about Maher v HolmesTogether Personal Finance Limited, a finance company, had lent money to Ms Myranna Boult on the security of her home. It brought possession proceedings. Ms Boult defended the proceedings, relying on the rule in Pigot’s Case, on the basis that the
More about Boult v Together Personal Finance LtdHenderson & Jones Ltd are a litigation finance company which is in the business of purchasing and prosecuting causes of action belonging to insolvent companies. Priors Group Ltd was a building company. From the date of its incorporation to 23
More about Henderson & Jones Ltd v Chambers & AnorBACKGROUND The Company was a small local general practice with around 20 or so employees which provided a full range of accountancy and taxation services to a wide variety of clients predominantly in the SME sector. The Company acted for
More about HSJ Consultancy LimitedBetween 26 January 2018 and 17 April 2018 Venkata Chigili made payments to Max 99P Limited totalling £199,911 in connection with a proposed sale of the company. The payments gave rise to a debt due from the company in his
More about ‘Commercial obligations’ and unreliable witnesses: lessons from Dix v ChigiliThe company in this case operated a painting and decorating business. It was a family business. Mr and Mrs Currell both became directors, and their two sons also became involved. By November 2010 the shareholdings were approximately 31% each held
More about His Majesty’s Revenue and Customs v MR Currell LtOn 22 April 2025 Sridhar Venkiteswaran, a judgment creditor, made written demand on the company for payment of its debt to him. That prompted the company to go into administration under Sch B1 para 22 Insolvency Act 1986 on 28
More about Kession Capital LtdHe rejected the bankrupts’ case that their daughters, Bishnupriya and Nayantara, were the beneficial owners of three flats forming part of the property, holding that the evidence overwhelmingly supported the trustees’ case. The bankrupts’ daughters were not parties to the
More about Bhattacharya v Armstrong