Regulation 17
Prescribed rate of interest under section 222 of Act
of Insolvency, Restructuring and Dissolution (Voluntary Winding Up) Regulations 2020
Subsidiary LegislationIn forceProvision 17 of 54
Regulation 17
For the purposes of section 222(1) and (2)(b)(ii) of the Act, in an insolvent winding up of a company, the prescribed rate of interest allowed on a debt is the rate of interest on judgment debts provided for under the Rules of Court for the time being in force.