Re TPS Investments (UK) Ltd (in administration); Tailby (as joint administrators of TPS Investments (UK) Ltd ) v Hutchinson Telecom FZCO

Administration – Administrators. The Companies Court ruled on applications arising out of the administration of TPS investments (UK) Ltd (TPS). Among other things, the court held that the respondent company's application, under para 88 of Sch B1 to the Insolvency Act 1986, for the removal of the joint administrators of TPS had not been made out. However, the court held that the respondent was entitled to permission to enforce its security over one of TPS' properties.