# Banking Act 2009, Section 97: Grounds for making

Extent: E+W+S+N.I.

(1) The court may make a bank insolvency order on the application of the Bank of England or the PRA if satisfied—
(a) that the bank has eligible depositors, and
(b) that Ground A or C of section 96 applies.
(2) The court may make a bank insolvency order on the application of the Secretary of State if satisfied—
(a) that the bank has eligible depositors, and
(b) that Grounds B and C of section 96 apply.
(3) On an application for a bank insolvency order the court may—
(a) grant the application in accordance with subsection (1) or (2),
(b) adjourn the application (generally or to a specified date), or
(c) dismiss the application.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/97 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-97
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.