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Explanatory Memorandum to Insolvency (Northern Ireland) Order 2002

Sub-paragraph 2

Where a petition (other than an excepted petition2) for the winding up of the company has been presented before the beginning of the moratorium, Article 1073 of the Insolvency (Northern Ireland) Order 1989 will not apply during the moratorium or in the 28 day period referred to in paragraph 36(5)(a) of Schedule A1.

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