A secured creditor of a company in liquidation whose security extends to a debt owed by another company in liquidation has standing as a 'person aggrieved' to seek leave to appeal from court approval of a litigation funding agreement between the two companies, where the agreement has the potential to diminish the value of the secured debt. When a liquidator seeks approval under s 477(2B) to enter into a litigation funding agreement where the funding company and the accommodated company have competing claims against the same defendant, the court must undertake an analysis of the extent to which both companies could succeed and the potential practical benefit to the funding company, rather than simply noting factual overlap and the funding company's claim to be a creditor of the accommodated company.
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