BANKRUPTCY AND INSOLVENCY - application to modify administrators' personal liability and indemnity - where administrators exposed to personal liability for proposed recapitalisation transaction - whether to make orders modifying administrators' liability - application allowed
BANKRUPTCY AND INSOLVENCY - application to extend time for registration of collateral on the Personal Property Securities Register - where administrators appointed - where security interest arises after appointment of administrators - where security interest gives effect to proposed recapitalisation transaction - whether to extend time for registration - application allowed
BANKRUPTCY AND INSOLVENCY - application for directions regarding funds handling by external administrator - where companies in administration part of a corporate group - where one member of corporate group acted as treasury management company - where compliance with funds handling provisions would incur unnecessary costs in the administrations - whether to make directions inconsistent with funds handling provisions - application allowed
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