CORPORATIONS – External administration – Application for directions regarding funds handling by external administrator – Where intercompany loans of substantial value adjudicated – Where independent advice sought, made available for creditors and acted on – Where dividends paid – Where liquidators remuneration and other costs of external administration incurred – Where companies in administration part of a corporate group – where one member of corporate group manages operations and finances – Where compliance with funds handling provisions would incur unnecessary costs in the administrations – Application allowed
