Part 2Bank Insolvency
Other processes
I1119Exclusion of other procedures
1
The following paragraphs of Schedule B1 to the Insolvency Act 1986 (administration) apply to a bank insolvency order as to an administration order.
2
Those paragraphs are—
a
paragraph 40 (dismissal of pending winding-up petition), and
b
paragraph 42 (moratorium on insolvency proceedings).
3
For that purpose—
a
a reference to an administration order is a reference to a bank insolvency order,
b
a reference to a company being in administration is a reference to a bank being in bank insolvency, and
c
a reference to an administrator is a reference to a bank liquidator.