191 Conversions not a default

A conversion under this Part shall not be regarded —
default

(a) as a breach of contract or confidence or otherwise as a civil wrong;

(b) as a breach of any contractual provision prohibiting, restricting or
regulating the assignment or transfer of rights or liabilities; or

(c) as giving rise to any remedy, by a party to a contract or other instrument,
as an event of default under any contract or other instrument or as causing
or permitting the termination of any contract or other instrument or of
any obligation or relationship.



business company and vice-versa