Where related companies are bound by a deed of cross guarantee and enter voluntary administration together, external creditors of any one company are creditors of all companies by virtue of their contingent claims under the guarantee, and a single proof of debt and proxy form naming only the principal debtor is sufficient to entitle the creditor to vote at the meeting of each company. A single resolution put to concurrent meetings that refers to all companies is effective as a resolution of the creditors of each company, and the effect of votes is determined objectively by reference to the terms of the resolution, not the subjective intentions of voters.
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