223 Inability to pay debts: debt remaining unsatisfied after action brought
Insolvency Act 1986 (1986 c 45) | Legislation

223  Inability to pay debts: debt remaining unsatisfied after action brought

An unregistered company is deemed (for the purposes of section 221) unable to pay its debts if an action or other proceeding has been instituted against any member for any debt or demand due, or claimed

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