247“Insolvency” and “go into liquidation”.E+W+S
(1)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].
(2)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.
[(3)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—
(a)paragraph 83(6)(b) of Schedule B1, ...
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]
Textual Amendments
Modifications etc. (not altering text)