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Paragraph 2 F1

(1)

This paragraph applies in relation to a petition which is presented in England and Wales by a creditor under section 124 of the 1986 Act during the relevant period.

(2)

Rule 7.5(1) of the Insolvency Rules has effect as if it also required the petition to contain a statement—

(a)

that the requirements in paragraph 1 of this Schedule are met, and

(b)

that no proposals for the payment of the debt have been made, or a summary of the reasons why the proposals are not to the creditor’s satisfaction (as the case may be).

Annotations

Textual amendments

F1

Sch. 10 substituted (1.10.2021) by The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021 (S.I. 2021/1091), regs. 1(3), 3