Read somewhere that Rushe had mentioned at a meeting about getting the CVA quashed, I can't help but think that this has been the aim all along.

I wonder if the administrator and creditors had been made aware of his intentions?

I Wonder when the latest news on the CVA saga will be released?

If the CVA is reinstated can the club survive with the payments?

If the CVA is quashed then surely something has to replace it ie a re-negotiated one? I cannot see how the club can then survive on only legitimate income for 2 years unless Jim really does foot the bill by himself. By which time there is unlikely to be many fans left whatever their current beliefs and he ends up with 2 'Northwich Villas'?

If it isn't re-negotiated then presumably the company is wound up? At the end of the day the creditors cant just be left.

If there is a genuine case at law between the company and the administrators then even if Jim wins it wouold only mean that the money disputed would be paid to Jim to be paid to creditors under the current CVA less whatever the court decided were reasonable costs. Back to scenario 1 above and how he could play at Flixton or wherever and stay afloat.

It smacks of another red herring and dubious business practices.

Perhaps within the massed ranks of fans on here someone can be more specific?

I guess his case is that the administrators have messed up and caused the failure of the CVA and that because of this they should be made to foot the bill. Seems pretty tenuous to me.

I must admit I don't know all of the details, but I'm bewildered by this.

How could it possibly be in the club's interest to have the CVA quashed? (This would have to be done in the High Court by the way).
If it were quashed, debts would be repayable at 100 pence in the £ and not the negotiated CVA rate. In addition, with the CVA in place no further action can be taken against the club.
Furthermore, without a valid CVA in place which football league would welcome the team? FA rules state that in order to leave administration and reclaim a place in the football pyramid, a club must agree a CVA with its creditors.

There could well be good reasons for this: as I said, I don't know all the details.

BigTubster wrote:
The CVA has already been quashed by the courts back in February. The issue is that JR is accusing the administrator of not giving him money he feels he is owed which he feels lead to the failure of the CVA. I guess he is trying to get it re-instated and for the administrator to put in that money to pay it.

The CVA cancellation document has already been posted on here somewhere. I'll see if I can find it again.

Edit: Here's the link www.scribd.com/fullscreen/89877863?acces...2cir43zyfmag0uutvxgl

There is currently a stalemate so somebody needs to break it.

With the cancellation of the CVA I believe that NVFC(2004) went back into administration; this seems logical as the CVA took the company out of administration.

Pettit will not resume as administrator unless he is being paid and none of the creditors have taken action to wind the company up (probably because they are in the dark about what is happening).

I believe that the situation should be reported to the Insolvency Service for review.