Section 13CA(1)

During the initial period, but after the first 15 business days of that period, the directors may extend the moratorium by filing with the High Court— a notice that the directors wish to extend the moratorium, a statement from the directors that all of the following that have fallen due have been paid or otherwise discharged— moratorium debts, and pre-moratorium debts for which the company does not have a payment holiday during the moratorium (see Article 13D), a statement from the directors that, in their view, the company is, or is likely to become, unable to pay its pre-moratorium debts, and a statement from the monitor that, in the monitor’s view, it is likely that the moratorium will result in the rescue of the company as a going concern.

← 13CA · All articles · 2 →

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