An attempt to set aside the winding-up earlier this year of property company Piccadilly Property Management has failed.
Deputy judge Colyer QC ruled in the High Court today that Piccadilly was not entitled to have the winding-up order either set aside or reviewed with a view to recission.
The order was made on a £11,804 petition of the Inland Revenue supported by Pinders Professional & Consultancy Services and Westminster City Council.
Piccadilly, backed by Hatco Ltd, an unsecured creditor for £199,545 and Channel Hotels & Properties Ltd (CHAPS), a wholly owned subsidiary of Dollar Land Holdings, which is an unsecured creditor for £10,333,725, argued that Registrar Buckley erred in making the order.
They claimed that he misdirected himself by refusing an application to adjourn the winding-up proceedings and that there was serious doubt as to whether he gave proper weight to evidence filed in opposition to the petition.
Piccadilly Property Management Ltd and others v Commissioners of the Inland Revenue and others (Judge Colyer QC) Chancery Division 23/11/98
Bernard Weatherill QC and Richard Cross (instructed by Robin Wayne & Associates) appeared for Piccadilly Property Management Ltd; Gerard van Tonder (instructed by Kanter Jules) appeared for Hatco Ltd and (instructed by Davis Hanson) for Channel Hotels & Properties Ltd; Rebecca Stubbs (solicitor to the Inland Revenue) appeared for the Commissioners of the Inland Revenue; Peter Mitchell (instructed by the solicitor to Westminster City Council) appeared for the council.
PLS News 23/11/98
