International Leisure Ltd & Citibid Securities Ltd v First National Trustee Co UK Ltd & Ors (2012)
Judgment Date: 16 Jul 12
Summary A secured debenture holder's claim against an administrative receiver it had appointed over a company ought not to have been struck out as its claim did not offend the rule against reflective loss. To strike out such a claim arbitrarily denied a secured creditor fair compensation for any primary...