Part II E+W APPOINTMENTMENT AND REGULATION OF UNDERTAKERS

CHAPTER II E+W ENFORCEMENT OF INSOLVENCY

Special administration orders E+W

25 Power to make special administration order on winding-up petition. E+W

On an application made to any court for the winding up of a company which holds an appointment under Chapter I of this Part—

(a) the court shall not make a winding-up order in relation to the company; but

(b) if the court is satisfied that it would be appropriate to make such an order if the company were not a company holding such an appointment, it shall, instead, make a special administration order in relation to the company.