OpenLegislation

Rule 4.151 PreliminaryI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)

(NO CVL APPLICATION)

For the purposes of this Chapter—

(a)

an “insolvent winding up” is where the company is being wound up on grounds which include inability to pay its debts, and

(b)

a “solvent winding up” is where the company is being wound up on grounds which do not include that one.

Annotations

Commencement

I1

Rule 4.151 in force at 29.12.1986, see rule 0.1