Commonhold and Leasehold Reform Act 2002

Leasehold Reform, Housing and Urban Development Act 1993 (c. 28)

18 (1) Section 29 (deemed withdrawal of initial notice) is amended as follows.

(2) After subsection (4) insert—

“(4A) The initial notice shall be deemed to have been withdrawn if—

(a) a winding-up order or an administration order is made, or a resolution for voluntary winding up is passed, with respect to the RTE company,

(b) a receiver or a manager of the RTE company’s undertaking is duly appointed, or possession is taken, by or on behalf of the holders of any debentures secured by a floating charge, of any property of the RTE company comprised in or subject to the charge,

(c) a voluntary arrangement proposed in the case of the RTE company for the purposes of Part 1 of the Insolvency Act 1986 (c. 45) is approved under that Part of that Act, or

(d) the RTE company’s name is struck off the register under section 652 or 652A of the Companies Act 1985 (c. 6).”

(3) In subsection (8), for “nominee purchaser is, or would (apart from subsection (7)) be,” substitute “RTE company is”.