PART 5The Water Industry Act 1991 – amendment

Restrictions on voluntary winding up and insolvency proceedings54

1

The Water Industry Act 1991 is amended as follows.

2

In section 26(1), for paragraph (b) substitute—

b

an administrator may not be appointed in relation to the company, whether by court order or otherwise, under Schedule B1 to the Insolvency Act 1986;

ba

any step taken by any person for the purported purpose of appointing an administrator of the company under Schedule B1 to the Insolvency Act 1986 has no legal effect;