The Chancery Division dismissed the applicant petitioner's application for permission to appeal, in proceedings concerning a winding-up petition. The decision of the judge had concerned the Covid-19 provisions of Sch 10 to the Corporate Insolvency and Governance Act 2020 (the Schedule). The court held that there was no warrant in the wording of para 5(3) of the Schedule to conclude that it was to be applied or tested narrowly as at the date when the debt being claimed in the petition had fallen due. The appeal lacked real prospects of success and permission to appeal would be refused.
Downloads
R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.