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The Insolvency (England and Wales) Rules 2016

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Changes over time for: Section 21

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Version Superseded: 26/06/2017

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Status:

Point in time view as at 06/04/2017. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Insolvency (England and Wales) Rules 2016, Section 21. Help about Changes to Legislation

Interpretation for this PartE+W

This section has no associated Explanatory Memorandum

21.1.  In this Part—

  • “winding-up proceedings” are the winding-up proceedings within the meaning of Article 2(c) of the EC Regulation listed under the United Kingdom entry in Annex B to that Regulation, other than bankruptcy and sequestration proceedings; and

  • conversion into winding-up proceedings” refers to an order under Article 37 of the EC Regulation (conversion of earlier proceedings) that—

    (a)

    a CVA be converted into administration proceedings the purposes of which are limited to the winding up of the company through administration and exclude the purpose contained in paragraph 3(1)(a) of Schedule B1;

    (b)

    the purposes of an administration be limited to the winding up of the company through administration and exclude the purpose contained in paragraph 3(1)(a) of Schedule B1; or

    (c)

    a CVA or an administration be converted into—

    (i)

    a creditors' voluntary winding up, or

    (ii)

    a winding up by the court.

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