WebSection 212 provides that the court may, on application of the official receiver, liquidator or of any creditor or contributory, examine the conduct of any person who is or has been an officer of the company. ... ‘Section 212 IA 1986, under which a summary remedy is sought in this case, applies to a person who is or has been an “officer ... WebA practical introduction to the limitation issues that arise in claims brought by an insolvent company in administration or liquidation. The note considers the limitation period for …

Section 212 Of The Insolvency Act 1986 - Oliver Elliot

Web20 Mar 2013 · What is the limitation period for a misfeasance claim under section 212 of the Insolvency Act 1986? Practical Law. Practical Law may have moderated questions … WebThe balance sheet test: Sub-section (2) of s 123 IA 1986 is the balance sheet test. In this test, a company is deemed unable to pay its debts if the value of the company’s assets is less than the amount of its liabilities. ... More generally, under section 212 of the Insolvency Act, a director or former director of a company who "has ... rainbow car wash edmonton

What is the limitation period for a misfeasance claim under …

WebInsolvency Act 1986, Section 212 is up to date with all changes known to be in force on or before 11 March 2024. There are changes that may be brought into force at a future date. Changes that have... 212 Summary remedy against delinquent directors, liquidators, etc. E+W+S (1) This … Weba. S 212 IA 1986 (liquidators); b. 1Para 75 of Schedule B1 to IA 1986 (administrators) ; and c. Section 304 IA 1986 (trustees in bankruptcy). 2. Each of these provisions can be invoked by a limited class of applicants and, in some circumstances, those applicants require the leave of the Court. In the first section of this paper rainbow car wash hicksville ny