§ 18 Schedule I, page 23, line 35, leave out from ("(3)") to end of line 36 and insert ("shall not be made after the end of the period of 28 days beginning with—
- (a) the day on which the decision was taken by the creditors' meeting, or
- (b) where the decision of the company meeting was taken on a later day, that day.")
§ Lord McIntosh of HaringeyMy Lords, I beg to move that the House do agree with the Commons in their Amendment No. 18. I should like to speak also to Amendment No. 20. It is the turn of the noble Lord, Lord Kingsland. The amendments deal with an issue raised by the noble Lord in Committee. The amendments provide that there should be a time limit on the ability of a member of the company to go to court if particular decisions taken at the creditors' meeting, which take effect under paragraph 36 of Schedule Al or paragraph 5 of Schedule 2, differ from those made by the company meeting. While we believe that the timing of such an application will be largely self-regulating, we consider that there would be an advantage in there being a cut-off point of 28 days beyond which such applications cannot be made. With due deference to the noble Lord, Lord Kingsland, I commend the amendment to the House.
1355 Moved, That the House do agree with the Commons in their Amendment No. 18.—(Lord McIntosh of Haringey.)
Lord Kingsland: My Lords, it falls to me to have the final gloat. As the noble Lord said, we first proposed a time limit to any application made by a member of a company as long ago as 15th June. After several months of cerebration, the noble Lord has finally come round to our point of view. I am very grateful to him for doing so.
§ Lord McIntosh of HaringeyMy Lords, I shall let that "gloat" go by as well.
On Question, Motion agreed to.