Cooper and others v Blackpool Football Club (Properties) Ltd and others

Insolvency – Approval for sale. Where a prior order, (not complied with), was in place over assets sought to be sold by a receiver to third party, it was correct for the receivers to seek approval form the court for the sale. Further, the Chancery Division held that in certain limited circumstances the court had discretion to vary its own order, and in the present situation it would vary its own order, and approve the sale to the third party unencumbered by the earlier order.

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