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The Insolvency (Northern Ireland) Order 1989
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Changes over time for: Paragraph 41
No versions valid at: 01/01/2006
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- 27/03/2006- Amendment
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The Insolvency (Northern Ireland) Order 1989, Paragraph 41 is up to date with all changes known to be in force on or before 22 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Valid from 27/03/2006
Prospective
[F141.—(1) A petition for the winding up of a company—N.I.
(a)shall be dismissed on the making of an administration order in respect of the company, and
(b)shall be suspended while the company is in administration following an appointment under paragraph 15.
(2) Sub-paragraph (1)(b) does not apply to a petition presented under—
(a)Article 104A (public interest),
(b)Article 104B (SEs), or
(c)section 367 of the Financial Services and Markets Act 2000 (c. 8) (petition by Financial Services Authority).
(3) Where an administrator becomes aware that a petition was presented under a provision referred to in sub-paragraph (2) before his appointment, he shall apply to the High Court for directions under paragraph 64.]
F1Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)
Modifications etc. (not altering text)
C1Sch. B1 para. 41 applied (with modifications) (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2009 (c. 1), ss. 119, 134, 263(1) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch.
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