Former BHS owner Dominic Chappell has been given more time to submit evidence to prevent his company Retail Acquisitions from going bust.
The date for Chappell to lodge evidence has been pushed back to 18 November, following a request by his lawyers. It was previously 14 November.
BHS administrators Duff & Phelps filed a High Court petition to wind up Retail Acquisitions. It is understood they want to take control of the firm so they can analyse the flow of cash from BHS to Chappell and his associates.
Specifically, Duff & Phelps is said to be looking into a sum of £1.5m used by Retail Acquisitions to pay off the mortgage on the Surrey home owned by Chappell’s parents.
Chappell has reportedly been arrested for failing to pay £500,000 in tax on money he took from BHS before it collapsed into administration in April.
A spokesman for the Revenue and Customs said he could not comment on individual cases, but confirmed a 49-year-old businessman was arrested.