Independent's scheme of arrangement sanctioned
Liquidators announce that High Court has approved plan and it will be effective from 13 July.
Mark Batten and Dan Schwarzmann of PwC, joint provisional liquidators of Independent Insurance Company have announced that Independent's scheme of arrangement has been sanctioned by the High Court and is effective from today (13 July).
In accordance with the scheme of arrangement, the deadline for submitting claims will be 5pm (London time) on 11 January 2016.
Complex
Mark Batten, partner at PwC, said: "Independent is one of the largest UK insurance company failures and the insolvency has
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