Rangers oldco in liquidation following Duff & Phelps legal dispute OLDCO Rangers has been formally plunged into liquidation, as a senior judge declared himself "very concerned" that allegations had been made about the administration of the club by the London insolvency firm, Duff & Phelps. Lord Hodge agreed to a request that the administration process be brought to an end with interim liquidators appointed Judge also expects claims to be made available to Insolvency Practitioners" Association which is undertaking an inquiry into the case BBC had made allegations about the administration process with Lord Hodge requesting transcripts of conversations at the centre of the allegations Lord Hodge said he wanted the claims to be "aired in a fair way" and he had asked the BBC for transcripts of conversations at the centre of the allegations. If need be, he intended to obtain them by court order and would pass the information to the Insolvency Practitioners" Association which was undertaking an inquiry into the case. Concerning allegations "There may be a completely good answer to these allegations but I am very concerned allegations are being ventilated that call into question the probity of the (administration) proceedings," said Lord Hodge at the Court of Session in Edinburgh. I think all this has to be in the open and cleared up. I am not taking any view as to who is right and who is wrong. There seems to be sense in letting the IPA do the running at this stage and let me see what they say in their report. Lord Hodge said he had residual powers to take action if, after the administration had ended, any allegations were brought home against Duff & Phelps. The firm has repeatedly stated that it was satisfied the administration had been carried out to the highest professional standards. Paul Clark and David Whitehouse, of Duff & Phelps, were appointed joint administrators of Rangers in February, and earlier this month it was announced that they would seek to have the court end the administration and to appoint Malcolm Cohen and James Stephen of BDO as joint liquidators of RFC 2012 plc. Mr Clark had stated: "Should the application be approved... (they) will undertake the process of liquidation of the "oldco" company and the continued recovery of funds for creditors. The move to liquidation was opposed by Collyer Bristow, the London law firm which acted for former owner Craig Whyte at the time of his takeover of the Ibrox club. The firm is being sued in England by the administrators for up to £25 million, but it strenuously denies that it conspired with Mr Whyte to "injure the company." BBC allegations The BBC has made allegations about conflicts of interest in the administration and Lord Hodge was told by counsel for the administrators that it was not known whether the IPA had been alerted to them. Sarah Wolffe, QC, said the IPA had not been in touch with Duff & Phelps about the allegations. Lord Hodge said he had asked the BBC to provide him with a DVD of the claims and full transcripts of conversations. He had yet to receive a reply but understood the BBC might hand over transcripts only under a court order. He said he would consider making such an order in due course. His understanding of the position of Duff & Phelps was that matters had been taken out of context. "It seems to me that this is material that should be made available to the IPA," added the judge. I am reaching no conclusions. Let's get this aired to make sure there is no unnecessary undermining of confidence in the insolvency procedures. Collyer Bristow said it was concerned that ending the administration could affect its attempt to claim costs over the English litigation, but Mrs Wolffe insisted the situation would be the same whether administrators or liquidators were in place. Another concern was that, after the administrators left their posts as officers of the court, the court "may feel restrained in the exercise of its supervisory function." However, Lord Hodge said: "I consider the court has residual power to require administrators to explain themselves, were serious allegations to be brought home."