Section A16: Company enters into insolvency procedure etc

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

Part A1: Moratorium — Chapter 3: Length of moratorium

A moratorium comes to an end at any time at which the company—

enters into a compromise or arrangement (see subsection (2)), or
enters into a relevant insolvency procedure (see subsection (3)).

For the purposes of this section a company enters into a compromise or arrangement if an order under section 899 or 901F of the Companies Act 2006 (court sanction for compromise or arrangement) comes into effect in relation to the company.

For the purposes of this section a company enters into a relevant insolvency procedure if—

a voluntary arrangement takes effect under section 5 in relation to the company,
the company enters administration (within the meaning of Schedule B1 (see paragraph 1(2)(b) of that Schedule)),
paragraph 44 of Schedule B1 (administration: interim moratorium) begins to apply in relation to the company, or
the company goes into liquidation (see section 247).

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