96 Conversion to creditors’ voluntary winding up.E+W+S
As from the day on which the creditors’ meeting is held under section 95, this Act has effect as if—
(a)the directors’ declaration under section 89 had not been made; and
(b)the creditors’ meeting and the company meeting at which it was resolved that the company be wound up voluntarily were the meetings mentioned in section 98 in the next Chapter;
and accordingly the winding up becomes a creditors’ voluntary winding up.