Commencement Information
I1Sch. 1 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)
Commencement Information
I2Sch. 1 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)
12(1)Section 27 of the 1986 Act (protection of interests of creditors and members) as applied by this Part of this Schedule has effect as follows.U.K.
(2)After subsection (1) insert—
“(1A)If a creditor or member of the company makes an application under subsection (1), the court shall give notice of the application to the Secretary of State, who shall be entitled to be heard by the court in connection with the application.
(1B)At any time when an air traffic administration order is in force the Secretary of State or (with his consent) the CAA may apply to the court by petition for an order under this section on one or both of the following grounds.
(1C)The first ground is that the air traffic administrator has exercised or is exercising or proposing to exercise his powers in relation to the company in a manner which will not best ensure the achievement of the purposes of the order.
(1D)The second ground is that he has exercised or is exercising or proposing to exercise his powers in relation to the company in a manner which involves a contravention of—
(a)a condition of the licence granted under Chapter I of Part I of the Transport Act 2000, or
(b)a duty imposed by section 8(1) of that Act, or
(c)any other requirement imposed on the company by virtue of its holding the licence.”
(3)Omit subsection (3).
(4)In subsection (4) omit the words “Subject as above”.
(5)After that subsection insert—
“(4A)Provision may be made by virtue of subsection (4)(d) that the air traffic administration order is to be discharged from such date as may be specified in the order unless, before that date, such measures are taken as the court thinks fit for the purpose of protecting the interests of creditors.”
(6)For subsection (6) substitute—
“(6)Where an air traffic administration order is discharged, the air traffic administrator shall within 14 days after the date on which the discharge takes effect send [F1a copy] of the order under this section—
(a)to the Secretary of State,
(b)to the CAA, and
(c)to the registrar of companies;
and if, without reasonable excuse, the air traffic administrator fails to comply with this subsection, he is liable to a fine and, for continued contravention, to a daily default fine.”
Textual Amendments
F1Words in Sch. 1 para. 12(6) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 184(7)(b) (with art. 10)
Commencement Information
I3Sch. 1 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)