Version Superseded: 01/10/2009
Point in time view as at 08/10/2004. This version of this provision has been superseded.
Insolvency Act 1986, Section 195 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.
(1)The court may—
(a)as to all matters relating to the winding up of a company, have regard to the wishes of the creditors or contributories (as proved to it by any sufficient evidence), and
(b)if it thinks fit, for the purpose of ascertaining those wishes, direct meetings of the creditors or contributories to be called, held and conducted in such manner as the court directs, and appoint a person to act as chairman of any such meeting and report the result of it to the court.
(2)In the case of creditors, regard shall be had to the value of each creditor’s debt.
(3)In the case of contributories, regard shall be had to the number of votes conferred on each contributory by the Companies Act or the articles.
Modifications etc. (not altering text)
C1S. 195 applied (with modifications) (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2009 (c. 1), ss. 103, 263(1)(2) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch. para. 2
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