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Amendment of section 570 of Act of 2014
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14. Section 570 of the Act of 2014 is amended—
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(a) in paragraphs (a) and (b), by the substitution of “if, other than during the interim period—” for “if—”, and
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(b) by the insertion of the following paragraph after paragraph (b):
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“(ba) if, during the interim period—
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(i) one or more creditors, by assignment or otherwise, to whom, in aggregate, the company is indebted in a sum exceeding €50,000 then due, has served on the company (by leaving it at the registered office of the company) a demand in writing requiring the company to pay the sum so due, and
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(ii) the company has, for 21 days after the date of the service of that demand, neglected to pay the sum or to secure or compound for it to the reasonable satisfaction of each of the creditors,”.
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