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Changes over time for: Paragraph 42


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 08/07/2021
Status:
Point in time view as at 01/12/2020. This version of this provision has been superseded.

Status
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Changes to legislation:
Insolvency Act 1986, Paragraph 42 is up to date with all changes known to be in force on or before 09 March 2025. 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.

Changes to Legislation
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Moratorium on insolvency proceedingsE+W+S
[42(1)This paragraph applies to a company in administration.
(2)No resolution may be passed for the winding up of the company.
(3)No order may be made for the winding up of the company.
(4)Sub-paragraph (3) does not apply to an order made on a petition presented under—
(a)section 124A (public interest), or
[(aa)section 124B (SEs),]
(b)section 367 of the Financial Services and Markets Act 2000 (c. 8) (petition by [Financial Conduct Authority or Prudential Regulation Authority]).
(5)If a petition presented under a provision referred to in sub-paragraph (4) comes to the attention of the administrator, he shall apply to the court for directions under paragraph 63.]
Textual Amendments
Modifications etc. (not altering text)
Yn ôl i’r brig