Mytre Investments Ltd v Reynolds and another
Mytre Investments Ltd v Reynolds and another
- 1995
- All England Law Reports (1995) 3 AllER 588-597 (8) .
QBD 16 January 1995. In 1981 the plaintiff (M) and the defendant (R) entered into a business lease. The lease was then assigned to X who ran into financial difficulties. X entered into a voluntary arangement with his creditors, including M. M sought payment of arrears from R. At the summons hearing, M`s claim was struck out on the grounds that the arrangement absolving X from liability also absolved R. M appealed. Appeal allowed. Judgment for the plaintiff.
ASSIGNEES
ASSIGNMENT
INSOLVENCY ACT 1986 PT VIII
LEASES
MYTRE INVESTMENTS V REYNOLDS AND ANOTHER
OBLIGATION TO PAY RENT
RENT ARREARS
SETTLEMENT OF CLAIMS
VOLUNTARY ARRANGEMENT
QBD 16 January 1995. In 1981 the plaintiff (M) and the defendant (R) entered into a business lease. The lease was then assigned to X who ran into financial difficulties. X entered into a voluntary arangement with his creditors, including M. M sought payment of arrears from R. At the summons hearing, M`s claim was struck out on the grounds that the arrangement absolving X from liability also absolved R. M appealed. Appeal allowed. Judgment for the plaintiff.
ASSIGNEES
ASSIGNMENT
INSOLVENCY ACT 1986 PT VIII
LEASES
MYTRE INVESTMENTS V REYNOLDS AND ANOTHER
OBLIGATION TO PAY RENT
RENT ARREARS
SETTLEMENT OF CLAIMS
VOLUNTARY ARRANGEMENT