Part 2Further education bodies: insolvency etc
CHAPTER 3Restrictions on use of normal insolvency procedures
I111Winding-up order
1
This section applies if a person other than the appropriate national authority petitions for the winding up of a further education body.
2
The court is not to exercise its powers on a winding-up petition unless—
a
notice of the petition has been given to the appropriate national authority, and
b
a period of at least 14 days has elapsed since that notice was given.
3
If an education administration application is made in relation to the further education body before a winding-up order is made on the petition, the court may exercise its powers under sections 19 and 20 (instead of exercising its powers on the petition).
4
References in this section to the court's powers on a winding-up petition are to—
a
its powers under section 125 of the Insolvency Act 1986 (other than its power of adjournment), and
b
its powers under section 135 of the Insolvency Act 1986.