The object of this Part is to provide for the business, property and affairs
of an insolvent company to be administered in a way that:
- (a)
- maximises the
chances of the company, or as much as possible of its business, continuing in
existence; or
- (b)
- if it is not possible for the company or its business to continue in
existenceresults in a better return for the company's creditors and
members than would result from an immediate winding up of the company.