182 Powers of court in relation to certain proceedings begun before commencement
Companies Act 1989 (1989 c 40) | Legislation

Supplementary provisions

182  Powers of court in relation to certain proceedings begun before commencement

(1)     The powers conferred by this section are exercisable by the court where insolvency proceedings in respect of—

(a)     a member of a recognised investment exchange or a recognised clearing house, or

(b)     a person by whom a market charge has been granted,

are begun on or after 22nd December 1988 and before the commencement of this section.

That person is referred to in this section as “the relevant personâ€.

(2)     For the purposes of this section “insolvency proceedings†means proceedings under Part II, IV, V or IX of the Insolvency Act 1986 (administration, winding up and bankruptcy) or under the Bankruptcy (Scotland) Act [2016]; and references in this section to the beginning of such proceedings are to—

[(za)     the making of a bankruptcy application on which a bankruptcy order is made,]

(a)     the presentation of a petition on which an administration

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