MAC-JORDAN CONSTRUCTION Ltd v BROOKMOUNT EROSTIN Ltd (in administrative receivership)

(1992) 56 BLR 1

Court of Appeal

Parker, Farquharson and Scott LJJ

Contract - Retention - JCT contract with contractors’ design, 1981 edition, clause 30.4.2.1 - Failure to place retention monies in separate account - Crystallisation of bank charge following receivership - Whether right to retention takes priority over floating charge - Whether injunction available to enforce right to retention.