Moved by
Lord Greenhalgh
194: Clause 127, page 132, line 18, leave out “the liquidator” and insert “a person acting as an insolvency practitioner in relation to the company”
Member’s explanatory statement
This amendment provides that a person acting as an insolvency practitioner in relation to the company may apply for an order under this Clause.
195: Clause 127, page 132, line 19, after “corporate” insert “or partnership”
Member’s explanatory statement
This amendment provides that an order under this Clause may be made against a partnership associated with the company that is being wound up.
196: Clause 127, page 132, line 20, at end insert “, or
(b) to make such payments to a specified person as the court considers to be just and equitable for the purpose of meeting costs incurred or to be incurred in remedying relevant defects mentioned in subsection (1)(b).
Section 126(4) applies for the purposes of this section.”
Member’s explanatory statement
This amendment enables an order under this Clause to require the making of payments to a person specified in the order.
197: Clause 127, page 132, line 23, at end insert—
““act as an insolvency practitioner” has the meaning given by section 388 of the Insolvency Act 1986;”
Member’s explanatory statement
This amendment is consequential on the first amendment to this Clause in the name of the Minister.
198: Clause 127, page 132, line 25, at end insert—
““partnership” has the meaning given by section 123;”
Member’s explanatory statement
This amendment is consequential on the amendment to this Clause at page 132, line 19 in the name of the Minister.
199: Clause 127, page 132, line 27, at end insert—
““specified” means specified in the order.”
Member’s explanatory statement
This amendment is consequential on the amendment to this Clause at page 132, line 20 in the name of the Minister.