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Bilta v Tradition: Third parties now within reach of section 213 of the Insolvency Act - Debenhams Ottaway Solicitors
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Bilta v Tradition: Third parties now within reach of section 213 of the Insolvency Act - Debenhams Ottaway Solicitors
The Supreme Court’s decision In Bilta (UK) Ltd v Tradition Financial Services Ltd [2025] UKSC 18 marks a significant development in insolvency law, confirming that Section 213 of the Insolvency Act 1986 provides liquidators with the right to seek contributions to a company’s assets from those found to have knowingly been a party to carrying on business with intent to defraud creditors. In Bilta (UK) Ltd v Tradition Financial Services Ltd [2025] …
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