Paragraph 9 Other liabilities, etc.: unsecured debts, etc.

Paragraphs 6 to 8 do not apply to any liabilities of ACo which—

(a)

are secured by any mortgage, charge, pledge, lien or other security interest over the assets of ACo, or

(b)

are owed to the Secretary of State by virtue of the Steel Industry (Special Measures) Act 2025^f1.

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