Schedule 16, paragraph 78(1)

In paragraph 76(2)(b) “consent” means consent of— each secured creditor of the company, and if the company has unsecured debts, creditors whose debts amount to more than 50% of the company’s unsecured debts, disregarding debts of any creditor who does not respond to an invitation to give or withhold consent.

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