Restrictions on voluntary winding up and insolvency proceedings
This section has no associated Explanatory Memorandum
54.—(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;”.