SCHEDULES

SCHEDULE 2TRANSITIONAL PROVISIONS

Definition of debt

I16

The amendments made to the Insolvency Order by section 9 apply where a company enters administration on or after the relevant day, except where—

a

the company enters administration by virtue of an administration order under paragraph 11 of Schedule B1 to the Insolvency Order on an application made before the relevant day;

b

the administration is immediately preceded by a voluntary liquidation in respect of which the resolution to wind up was passed before the relevant day;

c

the administration is immediately preceded by a liquidation on the making of a winding up order on a petition which was presented before the relevant day.