The Chancery Division dismissed an application by the applicant company for an order sanctioning a restructuring plan (the plan) under Part 26A of the Companies Act 2006. Meetings had been held with 15 classes of creditor, 12 of which achieved 100% support, one of which received no attendance, and in two of which, the majority voted against the plan. There was no power to sanction the plan under section 901F of the Act, as it required the support of all creditor classes by a 75% majority. Accordingly, the plan could only be sanctioned if the requirements of section 901G of the Act were satisfied. It was accepted that condition B of section 901G was satisfied. The principal challenge in condition A was...