In relation to an application by a company's prospective creditors for an administration order over the company, although the court was satisfied that the company was unable to pay its debts, it was not satisfied that an order was likely to achieve the purpose of administration as the company was subject to an interim receiving order under the Proceeds of Crime Act 2002 s.246 and it was likely that all the company's assets were recoverable property and not available to creditors.

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