Article 43 Power to make special administration order on winding-up petition
On an application made to any court for the winding up of a company which holds an appointment under Chapter I —
(a)
the court shall not make a winding-up order in relation to the company; but
(b)
if the court is satisfied that it would be appropriate to make such an order if the company were not a company holding such an appointment, it shall, instead, make a special administration order in relation to the company.