PART 5WINDING UP BY THE COURT
CHAPTER 10MISCELLANEOUS
[Note: a document required by the Act or these Rules must also contain the standard contents required as set out in Part 1.]
Limitation
Limitation of actions5.54
1
The following bar the effect of any enactment or rule of law relating to the limitation of actions:—
a
the presentation of a petition for winding up;
b
the submission of a claim under rule 7.16.
2
Reference to any of a creditor’s acts mentioned in sub-paragraphs (a) and (b) of paragraph (1) barring the effect of any enactment or rule of law relating to the limitation of actions is to be construed as a reference to that act having the same effect, for the purposes of that enactment or rule of law, as an effective acknowledgement of the creditor’s claim.
3
Reference in paragraph (1) or (2) to an enactment does not include a reference to an enactment which implements or gives effect to any international agreement or obligation.
Dissolution after winding up
Dissolution after winding up
[Note: on release of the liquidator where an order is made under section 204 for early dissolution of the company and the liquidator vacates office when dissolution takes effect in accordance with that section (section 172(7)), see section 174(4)(b)(iii) and rule 5.32.]