Schedule 16, paragraph 73(2)

Sub-paragraph (1) does not apply to— action to which the relevant creditor consents, a proposal for a voluntary arrangement under Part I of this Act (although this sub-paragraph is without prejudice to section 4(3)), or a proposal for a compromise or arrangement to be sanctioned under section 425 of the Companies Act (compromise with creditors or members).

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