Corporate Insolvency and Governance Act 2020

[F1InterpretationE+W+S

Textual Amendments

4.(1)In this Schedule “relevant period” means the period which—E+W+S

(a)begins with 1 October 2021, and

(b)ends with 31 March 2022.

(2)For the purposes of this Schedule, references to a petition presented by a creditor—

(a)do not include a petition presented by one or more creditors together with one or more other persons, but

(b)subject to that, do include a petition presented by more than one creditor, in which case the conditions specified in paragraph 1(2) to (7) must be met in relation to each creditor presenting the petition.

(3)For the purposes of this Schedule—

  • “the 1986 Act” means the Insolvency Act 1986;

  • “coronavirus” means severe acute respiratory syndrome coronavirus 2 (SARS-Cov-2);

  • “excluded debt” means a debt in respect of rent, or any sum or other payment that a tenant is liable to pay, under—

    (a)

    in England and Wales, a relevant business tenancy; or

    (b)

    in Scotland, a lease as defined in section 7(1) of the Law Reform (Miscellaneous Provisions) (Scotland) Act 1985,

    and which is unpaid by reason of a financial effect of coronavirus;

  • “Insolvency Rules” means the Insolvency (England and Wales) Rules 2016 (S.I. 2016/1024);

  • “registered company” means a company registered under the Companies Act 2006 in England and Wales or Scotland;

  • “relevant business tenancy” means—

    (a)

    a tenancy to which Part 2 of the Landlord and Tenant Act 1954 applies, or

    (b)

    a tenancy to which that Part of that Act would apply if any relevant occupier were the tenant;

  • “relevant occupier” in relation to a tenancy, means a person, other than the tenant, who lawfully occupies premises which are, or form part of, the property comprised in the tenancy; and

  • “unregistered company” has the meaning given in Part 5 of the 1986 Act.]