Section 1005(3)

For the purposes of subsection (1)(b), the matter is finally concluded if— no meetings are to be summoned under section 3 of the Insolvency Act 1986 (c. 45) or Article 16 of the Insolvency (Northern Ireland) Order 1989, meetings summoned under that section or Article fail to approve the arrangement with no, or the same, modifications, an arrangement approved by meetings summoned under that section, or in consequence of a direction under section 6(4)(b) of that Act or Article 19(4)(b) of that Order, has been fully implemented, or the court makes an order under section 6(5) of that Act or Article 19(5) of that Order revoking approval given at previous meetings and, if the court gives any directions under section 6(6) of that Act or Article 19(6) of that Order, the company has done whatever it is required to do under those directions.

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