Re MK Airlines Ltd (in liquidation); Oldham v Katz (acting as joint liquidator of MK Airlines) and another

Company – Administration. The appellant, who was a consultant to a firm for which administrators in an administration worked, succeeded in his appeal against findings of a registrar. The Chancery Division held that the administrators and the appellant had not been guilty of misfeasance in using the benefit of funds paid into the company in administration to pay their remuneration in advance of paying the expense creditors.

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