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Insolvency Act 1986

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This is the original version (as it was originally enacted).

10(1)Provision as to the functions, membership and proceedings of a committee established under section 26, 49, 68, 101, 141 or 142 of this Act.

(2)The following provision with respect to the establishment of a committee under section 101, 141 or 142 of this Act, that is to say—

(a)provision for resolving differences between a meeting of the company's creditors and a meeting of its contributories or members ;

(b)provision authorising the establishment of the committee without a meeting of contributories in a case where a company is being wound up on grounds including its inability to pay its debts ; and

(c)provision modifying the requirements of this Act with respect to the establishment of the committee in a case where a winding-up order has been made immediately upon the discharge of an administration order.

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