[901A Application of this Part]
Companies Act 2006 | Legislation

[Part 26A Arrangements and Reconstructions: Companies in Financial Difficulty]

[Application of this Part]

[901A  Application of this Part]

[(1)     The provisions of this Part apply where conditions A and B are met in relation to a company.

(2)     Condition A is that the company has encountered, or is likely to encounter, financial difficulties that are affecting, or will or may affect, its ability to carry on business as a going concern.

(3)     Condition B is that—

(a)     a compromise or arrangement is proposed between the company and—

(i)     its creditors, or any class of them, or

(ii)     its members, or any

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