Section 194 | Claims under section 192(1): general provisions

(1)A claim under section 192(1) may be made—

(a)by the guarantor company,

(b)if there are two or more guarantor companies, by those companies acting together, or

(c)by the borrower.

(2)A claim made under section 192(1) by the borrower is to be taken to be made on behalf of the guarantor company or companies.

(3)Sections 175 to 177 apply in relation to a claim under section 192(1) made by or on behalf of any person or persons as they apply in relation to a claim under section 174 made by the disadvantaged person, but taking—

(a)references in sections 176 and 177 to the advantaged person as references to the borrower, and

(b)the reference in section 177 to the disadvantaged person as a reference to the guarantor company or companies.