Directors’ powers in a receivership
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The company concerned was the freehold owner of Bolbec Hall. On 8 June 2018, the Company completed on a sale to Maymask 228 Ltd for £650,000. The transfer was executed by the Company’s sole director. An investor objected to the registration of the transfer - some eight months earlier, the lender had appointed a fixed charge receiver and their appointment had displaced the director’s powers.