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Re Aronex Developments Limited [2021]

On an application by a liquidator the court held that it was just and equitable that the costs incurred by company liquidators in identifying, preserving and realising the interests of purchasers who had paid reservation fees and substantial deposits for units in unbuilt student accommodation be deducted from the proceeds of sale before they were divided between the company and the purchasers under the jurisdiction in Berkeley Applegate (Investment Consultants) Ltd (No.3), Re (1989) 5 B.C.C. 803.