I think the Football league when dealing with clubs that fail to comply with its insolvency policy, rather than having a set policy there should be more flexibility in looking at the circumstances in each case. The company who were responsible for incurring the penalties no longer exist, a new company LTFC2020 fronted Nick Ross is now in charge. It seem very harsh to punish the present owners for sins committed by previous owners.
The 20pt deduction is a Football League penalty due to Luton's inability to agree a Company Voluntary Agreement (CVA) to exit administration. The problem is that Her Majesty's Revenue and Customs (HMRC) will not agree to waive debts from any club that owes them money, so it is impossible to get a CVA. So any club that goes into administration and owes the government which they all will is doomed to a 15 or 20 pt deduction, depending on the severity of the case. This being the third times in ten years that Luton has gone into administration they are punished heavily.
League Two with Bournemouth and Rotherham being docked at least 15 points for the same offence really isn't going to have much of a relegation battle, which in some cases is as interesting as the race at the top.