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The Insolvency (Northern Ireland) Order 1989
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Rhagor o Adnoddau
Changes over time for: Section 110
Alternative versions:
- 01/01/2006- Amendment
- 01/10/2009- Amendment
- 18/11/2015- Amendment
- 26/06/2020
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Point in time view as at 26/06/2020.
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The Insolvency (Northern Ireland) Order 1989, Section 110 is up to date with all changes known to be in force on or before 29 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Consequences of winding‐up orderN.I.
110.—(1) On the making of a winding‐up order, [F1a copy] of the order must forthwith be forwarded by the company (or otherwise as may be prescribed) to the registrar for registration.
(2) When a winding‐up order has been made or a provisionalliquidator has been appointed, no action or proceeding shall be proceeded with or commenced against the company or its property, except by leave of the High Court and subject to such terms as the Court may impose.
(3 )F2 When an order has been made for winding up a company [F3registered but not formed under the Companies Act 2006], no action or proceeding shall be commenced or proceeded with against the company or its property or any contributory of the company, in respect of any debt of the company, except by leave of the High Court, and subject to such terms as the Court may impose.
[F4(3A) In paragraphs (2) and (3), the reference to an action or proceeding includes action in respect of the company under Part 1 of Schedule 8 to the Finance (No. 2) Act 2015 (enforcement by deduction from accounts).]
(4) An order for winding up a company operates in favour of all the creditors and of all contributories of the company as if made on the joint petition of a creditor and of a contributory.
F1Words in art. 110(1) substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), arts. 2(1), 8, Sch. 1 para. 111(17)(a) (with art. 10)
F2mod. by SR 2004/307
F3Words in art. 110(3) substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), arts. 2(1), 8, Sch. 1 para. 111(17)(b) (with art. 10)
F4Art. 110(3A) inserted (18.11.2015) by Finance (No. 2) Act 2015 (c. 33), Sch. 8 para. 37
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