Section 189(4)

The rate of interest payable under this section in respect of any debt (“the official rate” for the purposes of any provision of this Act in which that expression is used) is whichever is the greater of— the rate specified in section 17of the Judgments Act 1838 on the day on which the company went into liquidation, and the rate applicable to that debt apart from the winding up.

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Source: legislation.gov.uk · retrieved 2026-09-04