Section 424(1)

An application for an order under section 423 shall not be made in relation to a transaction except— in a case where the debtor has been made bankrupt or is a body corporate which is being wound up or is in administration, by the official receiver, by the trustee of the bankrupt’s estate or the liquidator or adminstrator of the body corporate or (with the leave of the court) by a victim of the transaction; in a case where a victim of the transaction is bound by a voluntary arrangement approved under Part I or Part VIII of this Act, by the supervisor of the voluntary arrangement or by any person who (whether or not so bound) is such a victim; or in any other case, by a victim of the transaction.

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