Section 100(5)

As soon as is reasonably practicable after receiving notice under subsection (4)(b) the liquidation committee must either— resolve that Objective 1 in section 99 has been achieved entirely or so far as is reasonably practicable (a “full payment resolution”), or apply to the court under section 168(5) of the Insolvency Act 1986 (as applied by section 103 below).

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