# The Insolvency (Northern Ireland) Order 1989, Article 13BA: Obtaining a moratorium for company subject to winding-up petition


(1) This Article applies to an eligible company that is subject to an outstanding winding-up petition.
(2) The directors of the company may apply to the High Court for a moratorium for the company.
(3) The application must be accompanied by the relevant documents (for the relevant documents, see Article 13BC).
(4) On hearing the application the Court may—
(a) make an order that the company should be subject to a moratorium, or
(b) make any other order which the Court thinks appropriate.
(5) The Court may make an order under paragraph (4)(a) only if it is satisfied that a moratorium for the company would achieve a better result for the company’s creditors as a whole than would be likely if the company were wound up (without first being subject to a moratorium).

---
Source: https://www.legislation.gov.uk/nisi/1989/2405/article/13BA (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/article-13BA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.