Section A38(1)

The monitor must bring a moratorium to an end by filing a notice with the court if— the monitor thinks that the moratorium is no longer likely to result in the rescue of the company as a going concern, the monitor thinks that the objective of rescuing the company as a going concern has been achieved, the monitor thinks that, by reason of a failure by the directors to comply with a requirement under section A36, the monitor is unable properly to carry out the monitor's functions, or the monitor thinks that the company is unable to pay any of the following that have fallen due— moratorium debts; pre-moratorium debts for which the company does not have a payment holiday during the moratorium (see section A18).

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