Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 5 · Scheme of Arrangement
66. Restraint of disposition of property, etc., during moratorium period
Feedback & supportThe Court may, on an application made by any creditor of a relevant company at any time during a moratorium period, make either or both of the following orders, each of which is in force for such part of the moratorium period as the Court thinks fit:
an order restraining the relevant company from disposing of the property of the relevant company other than in good faith and in the ordinary course of the business of the relevant company;
an order restraining the relevant company from transferring any share in, or altering the rights of any member of, the relevant company.
In this section —
“moratorium period”, in relation to a relevant company, means any of the following periods that is applicable to the company:
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;
the automatic moratorium period mentioned in section 64(8);
the period during which an order under section 64(1) is in force, including any extension of that period under section 64(7);
the period during which an order under section 65(1) is in force, including any extension of that period under section 65(5);
“relevant company” means a company that has made an application under section 64(1), or in relation to which an order under section 65(1) is made.