F1Part A1Moratorium

Chapter 2Obtaining a moratorium

A3Obtaining a moratorium by filing or lodging documents at court

(1)

This section applies to an eligible company that—

(a)

is not subject to an outstanding winding-up petition, and

(b)

is not an overseas company.

(2)

The directors of the company may obtain a moratorium for the company by filing the relevant documents with the court (for the relevant documents, see section A6).

(3)

For the purposes of this Chapter a company is “subject to an outstanding winding-up petition” if—

(a)

a petition for the winding up of the company has been presented, and

(b)

the petition has not been withdrawn or determined.