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IN THE HIGH COURT OF JUSTICE
Business and Property Courts OF ENGLAND & WALES
Insolvency and Companies List
7 Rolls Buildings
Fetter Lane
London
EC4A 1NL
BEFORE:
MR JUSTICE MELLOR
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IN THE MATTER OF SPECIALITY STEEL UK LIMITED
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MR WESTWOOD KC appeared on behalf of the Official Receiver
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APPROVED JUDGMENT
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MR JUSTICE MELLOR:
The second application I have to deal with is the application to require the Official Receiver to appoint special managers. Three are proposed, Messrs Kershaw, Fisherman and Phillips of Teneo Financial Advisory Ltd. As I indicated in my previous ruling relating to the winding-up of the company, I pay special attention to the proposals with regard to the appointment of the special managers, and indeed, if the proposals for the special manager had not been before me, the outcome of the winding-up petition was likely to have been very different.
Mr Westwood on behalf of the Official Receiver has drawn my attention to the relevant jurisdiction in section 177 of the Insolvency Act and also the procedural requirements in the 2016 Rules. In all circumstances and based on the draft report of Mr Allen, which will be made into a final report, I am satisfied that I should appoint the special managers as nominated, and I will make the order in terms of the draft in the bundle before me.
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