387 "The relevant date"
387 "The relevant date"

(1)     This section explains references in Schedule 6 to the relevant date (being the date which determines the existence and amount of a preferential debt).

(2)     For the purposes of section 4 in Part I ([consideration of] company voluntary arrangement), the relevant date in relation to a company which is not being wound up is—

[(a)     if the company is in administration, the date on which it entered administration, and

(b)     if the company is not in administration, the date on which the voluntary arrangement takes effect].

[(2A)     For the purposes of paragraph 31 of Schedule A1 ([consideration of] company voluntary arrangement where a moratorium under section 1A is in force), the relevant date in relation to a company is the date of filing.]

(3)     In relation to a company which is being wound up, the following applies—

(a)     if the winding up is by the court, and the winding-up order was made immediately upon the discharge of an administration order, the relevant date is [the date on which the company entered administration];

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