Section 271 — Companies Act 1993: Pooling of assets of related companies

271 Pooling of assets of related companies (1) On the application of the liquidator, or a creditor or shareholder, the Court, if satisfied that it is just and equitable to do so, may order that— (a) A company that is, or has been, related to the company in liquidation must pay to the liquidator the whole or part of any or all of the claims made in the liquidation: (b) Where 2 or more related companies are in liquidation, the liquidations in respect of each company must proceed together as if they were one company to the extent that the Court so orders and subject to such terms and conditions as the Court may impose. (2) The Court may make such other order or give such directions to facilitate giving effect to an order under subsection (1) of this section as it thinks fit. Compare: 1955 No 63 ss 315A, 315B; 1980 No 43 s 30