The Insolvency and Companies List has dismissed a wide-ranging specific disclosure application brought in an unfair prejudice petition, ruling both that transactions carried out by an independent liquidator after a company enters creditors’ voluntary liquidation cannot generally be treated as conduct of that company’s affairs, and that the disclosure sought in any event failed to meet the ordinary tests of relevance and proportionality.
The judgement, handed down by ICC Judge Barber on 11 September 2026, arose from a section 994 petition brought by Richard Padun against Neil Dickinson concerning Interactive Media Group Ltd (IMG), a company the two had jointly directed. Mr Padun alleged that Mr Dickinson excluded him from management in…