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2Sections 11 to 23 and 27 of the Insolvency Act 1986, as they apply by virtue of Schedule 6 to the [1993 c. 43.] Railways Act 1993 (with the modifications specified in that Schedule) where a railway administration order has been made, have effect subject to the following amendments.
3In section 13(3) (appointment of administrator), as it has effect as substituted by paragraph 3 of Schedule 6, for “Director of Passenger Rail Franchising” substitute “Strategic Rail Authority”.
4(1)Section 18 (discharge and variation of administration order), as it has effect as provided by paragraph 7 of Schedule 6, is amended as follows.
(2)In subsection (1), as substituted by sub-paragraph (2) of paragraph 7, for “Director of Passenger Rail Franchising” substitute “Strategic Rail Authority”.
(3)In subsection (4), in the words substituted by paragraphs (a) and (b) of sub-paragraph (4) of paragraph 7, for “Director of Passenger Rail Franchising” substitute “Strategic Rail Authority”.
5In section 21(1) (notice of order to be given by administrator), as it has effect as provided by paragraph 8 of Schedule 6, in the words substituted by paragraphs (a) and (b) of that paragraph, for “Director of Passenger Rail Franchising” substitute “Strategic Rail Authority”.
6In section 23 (statement of proposals), as it has effect as provided by paragraph 9 of Schedule 6, in subsections (1) and (2A) as substituted by that paragraph, for “Director of Passenger Rail Franchising” substitute “Strategic Rail Authority”.
7In section 27 (protection of interests of creditors and members), as it has effect as provided by paragraph 10 of Schedule 6, in—
(a)subsection (1A), as inserted by sub-paragraph (2) of that paragraph, and
(b)subsection (6) as substituted by sub-paragraph (5) of that paragraph,
for “Director of Passenger Rail Franchising” substitute “Strategic Rail Authority”.
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