In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Insolvency Act · 2022 Revised Edition · Chapter VIII
Insolvency Act · 2022 Revised Edition · Chapter VIII
Official textFrom Attorney General's Chambers, unchanged
The Court may —
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
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 sufficient evidence); and
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.
In the case of creditors, regard shall be had to the value of each creditor’s debt.
In the case of contributories, regard shall be had to the number of votes conferred on each contributory.
company
“company” means a company incorporated or registered under the Companies Act;
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
Part