Part 2Further education bodies: insolvency etc
CHAPTER 4Further education bodies: special administration
Process
I120Powers of the court on hearing an application
1
On hearing an education administration application the court may—
a
grant the application,
b
adjourn the application conditionally or unconditionally,
c
dismiss the application,
d
make an interim order,
e
treat that application as a winding-up petition and make any order the court could make under section 125 of the Insolvency Act 1986 (power of court on hearing winding-up petition), or
f
make any other order that it thinks appropriate.
2
An interim order under subsection (1)(d) may, in particular—
a
restrict the exercise of a power of the further education body,
b
in the case of a further education body that is a statutory corporation, restrict the exercise of a power of its members,
c
in the case of a further education body that is a company, restrict the exercise of a power of its directors, and
d
make provision conferring a discretion on a person who would be qualified to act as an insolvency practitioner in relation to the further education body.
3
An education administration order comes into force—
a
at the time appointed by the court, or
b
if no time is appointed by the court, when the order is made.