Section 195

The court may— as to all matters relating to the winding up of a company, have regard to the wishes of the creditors or contributories (as proved to it by any sufficient evidence), and if it thinks fit, for the purpose of ascertaining those wishes, direct qualifying decision procedures to be instigated or the deemed consent procedure to be used in accordance with any directions given by the court, and appoint a person to report the result to the court. In the case of creditors, regard shall be had to the value of each creditor’s debt. In the case of contributories, regard shall be had to the number of votes conferred on each contributory . . . .

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