Practitioners advising on s 440A(2) adjournment applications must ensure that administration funding is demonstrably robust — a funder's past compliance with payment obligations does not establish future capacity, and where the funder lacks independent resources and refuses to identify its actual funding sources, the court will not be satisfied that creditors' interests favour continued administration over a funded liquidation. The decision also confirms that employee welfare, while given great weight, does not displace the statutory creditor-interest test, particularly where funding fragility means employees may be worse off if administration funding fails.
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