Section 646(5)

For this purpose the debt or claim must be secured by appropriating (as the court may direct) the following amount— if the company admits the full amount of the debt or claim or, though not admitting it, is willing to provide for it, the full amount of the debt or claim; if the company does not admit, and is not willing to provide for, the full amount of the debt or claim, or if the amount is contingent or not ascertained, an amount fixed by the court after the like enquiry and adjudication as if the company were being wound up by the court.

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