Related Commentary  

387(1)  This section explains references in Schedule 6 to the relevant date (being the date which determines the existence and amount of a preferential debt).

387(2)  For the purposes of section 4 in Part I (meetings to consider company voluntary arrangement), the relevant date in relation to a company which is not being wound up is–

(a) if the company is in administration, the date on which it entered administration, and

(b)if the company is not in administration, the date on which the voluntary arrangement takes effect.

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