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Insolvency – Voluntary arrangement. The Court of Appeal, Civil Division, dismissed an appeal against the refusal to set aside an Individual Voluntary Arrangement (IVA). The judge had given the debtor's modified proposal the correct construction and had not erred in finding that it was not conditional upon the debtor's wife's IVA also being approved. Further, the judge had not erred in finding that the Revenue and Customs Commissioners had subsequently ratified the proxy vote cast on its behalf, even though the proxy form had not specifically addressed the proposal that had eventually been passed.
Insolvency – Voluntary arrangement. The Court of Appeal, Civil Division, dismissed an appeal against the refusal to set aside an Individual Voluntary Arrangement (IVA). The judge had given the debtor's modified proposal the correct construction and had not erred in finding that it was not conditional upon the debtor's wife's IVA also being approved. Further, the judge had not erred in finding that the Revenue and Customs Commissioners had subsequently ratified the proxy vote cast on its behalf, even though the proxy form had not specifically addressed the proposal that had eventually been passed.
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