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Validation orders in compulsory liquidation
Practical Law UK Practice Note 4-520-9766 (Approx. 19 pages)
Validation orders in compulsory liquidation
A guide to the effect of section 127 of the Insolvency Act 1986 when a company disposes of assets after a winding-up petition has been presented. This note includes guidance on the procedure for seeking a validation order and the consequences of a void disposition.
Note: The remaining temporary measures that were introduced in response to the COVID-19 pandemic expired without renewal on 31 March 2022. See Legal update, Remaining temporary insolvency measures will expire on 31 March 2022.
Other restrictions on winding-up and bankruptcy petitions concerning COVID-related arrears of commercial rent continue to apply under the Commercial Rent (Coronavirus) Act 2022. See Practice note, COVID-19: Commercial Rent (Coronavirus) Act 2022: rent arbitration and the implications for enforcement.
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