Commentary on Sections Companies etc. Section 248 & Schedule 16: Replacement of Part II of Insolvency Act 1986
645.In order to provide for the streamlining of administration, section 248 replaces Part II of the Insolvency Act 1986 with a new Schedule B1 - as set out in Schedule 16 of this Act. This will be inserted after Schedule A1 to the Insolvency Act 1986. The paragraphs referred to below are paragraphs in Schedule B1.