Insolvency Act 1986 (c.45)E+W+S
2E+W+SSections 11 to 23 and 27 of the Insolvency Act 1986, as they apply by virtue of Schedule 6 to the 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.
Commencement Information
Marginal Citations
3E+W+SIn 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.E+W+S
(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 ”.
5E+W+SIn 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 ”.
6E+W+SIn 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 ”.
7E+W+SIn 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 ”.