377Party to loan relationship having major interest in other party
This section has no associated Explanatory Notes
The case to which this section applies is where—
(a)a person (“C”) standing in the position of a creditor as respects the loan relationship is a company, and
(b)there is a time in the actual accrual period when—
(i)the company which has the debtor relationship (“D”) has a major interest in C, or
(ii)C has a major interest in D.