Liquidation Question - Help

[Paul L]

We gave a company "TEST COMPANY LTD" an upfront credit on their mobile phone account, which was to be used for the call usage - on the condition that they use X amount of minutes per month).

This company has gone into liquidation - leaving a large portion of the credit. The liquidators have come in and resumed the company as "TEST COMPANY LTD in Administration" and now want that credit applied back onto the accounts they have taken over, even though the committed spend was not/ and will not be met.

Is the Contact, that was agreed Liquidated company, transferable?

Are the Liquidators entitled to the credit?

 

[kulture]

If the contract stated that the credit was conditional on the amount of usage, and the usage figure has not been met, then I don't see on what grounds the liquidators can ask for the credit.