Moratorium where directors propose voluntary arrangement
This
adran has no associated
Memorandwm Esboniadol
3. Schedule 1 (which—
(a)enables the directors of a company to obtain an initial moratorium for the company where they propose a voluntary arrangement under Part II of the Insolvency Order,
(b)makes provision about the approval and implementation of such a voluntary arrangement where a moratorium is obtained, and
(c)makes consequential amendments),
shall have effect.