Corporate Insolvency and Governance Act 2020 (c. 12)

SCHEDULES

SCHEDULE 10 E+W+S Winding-up petitions: Great Britain

PART 2 E+W+S Restriction on winding-up petitions and orders

Interpretation E+W+S

21 (1) In this Part of this Schedule, “relevant period” means the period which— E+W+S

(a) begins with 27 April 2020, and

(b) ends with [F1 30 June 2021].

(2) For the purposes of this Part of this Schedule, references to a petition presented by a creditor—

(a) do not include a petition presented by one or more creditors together with one or more other persons, but

(b) subject to that, do include a petition presented by more than one creditor (in which case the condition referred to in paragraph 3(2) or (4) or 4(2) or (4) must be met in relation to each creditor presenting the petition).

(3) For the purposes of this Part of this Schedule—

• “the 2016 Insolvency Rules” means the Insolvency (England and Wales) Rules 2016 (S.I. 2016/1024);

• “coronavirus” means severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);

• coronavirus has a “financial effect” on a company if (and only if) the company's financial position worsens in consequence of, or for reasons relating to, coronavirus;

• “interim liquidator” means a person appointed under section 138(1) of the 1986 Act.

Textual Amendments

F1 Words in Sch. 10 para. 21(1)(b) substituted (26.3.2021) by The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021 (S.I. 2021/375), regs. 1, 3(4)