The administrative receivers of a company sought production of documents from the company’s solicitors.
Held: The receiver was tasked to deal with the realisation of the mortgaged property, and it could not use its powers to seek to obtain documents in order to assist a third party. The requirement was not being exercised for the company’s benefit, and was refused.
Judges:
Chadwick LJ, Rix LJ
Citations:
Times 08-Apr-2004, Gazette 08-Apr-2004
Jurisdiction:
England and Wales
Citing:
Cited – Newhart Developments Ltd v Co-operative Commercial Bank Ltd CA 1978
The appointment of administrative receivers of a company with a view to realisation of certain charged assets did not deprive the directors of their duties and power to take other proceedings which did not impinge on the activities of the receivers. . .
Lists of cited by and citing cases may be incomplete.
Company
Updated: 10 June 2022; Ref: scu.195578
