Section 147Q

shall be bound to deal with the company’s assets in accordance with the requirements set out in paragraphs (a) and (b) of section 147D(2);

in discharge of the claims of creditors of the DCC, shall apply the company’s assets to those entitled to have recourse thereto in conformity with the provisions of this Part.

Section 88 of the Insolvency Order, 2016 (which provides that subject to preferential payments the property of a company in a winding up shall be applied in satisfaction of its liabilities pari passu) shall be modified and shall apply in relation to dedicated cell companies subject to the provisions of this Part.

Transfer of dedicated assets.