Re Gertner; CFL Finance Ltd v Rubin and others

Insolvency – Voluntary arrangement. The Chancery Division allowed the applicant company's application for an order revoking the making of an individual voluntary arrangement (IVA) in relation to the financial affairs of the third respondent, R. The court held that the creditors' meeting at which the IVA had been approved had been subject to a material irregularity, in that the vote of one of the creditors should not have been allowed, as it had previously made a settlement agreement with R. An order was made revoking the approval for the IVA.

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