I have a note here — in respect of (1B) at the bottom of this section — I cannot quite recollect the significance of it — to the effect that this eliminates mischievous applications for higher priority.
SECTION 146.
Question proposed: "That section 146 stand part of the Bill."
A creditor in order to apply would have to be owed at least £10,000, either individually or collectively.
It is preventing small creditors from trying to jump the queue?
Yes.
Question put and agreed to.