Section 247: "Insolvency" and "go into liquidation".

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part VII: Interpretation for First Group of Parts

In this Group of Parts, except in so far as the context otherwise requires, "insolvency", in relation to a company, includes the coming into force of a moratorium for the company under Part A1, the approval of a voluntary arrangement under Part I, or the appointment of an administrator or administrative receiver.

For the purposes of any provision in this Group of Parts, a company goes into liquidation if it passes a resolution for voluntary winding up or an order for its winding up is made by the court at a time when it has not already gone into liquidation by passing such a resolution.

The reference to a resolution for voluntary winding up in subsection (2) includes a reference to a resolution which is deemed to occur by virtue of—

paragraph 83(6)(b) of Schedule B1, ...
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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