OpenLegislation

Article 97 Application under section 176A(5) of the 1986 Act to disapply section 176A of the 1986 Act

(1)

An application under section 176A(5) of the 1986 Act M1 must be accompanied by a witness statement by the energy administrator.

(2)

The witness statement must state—

(a)

that the application arises in the course of an energy supply company administration;

(b)

a summary of the financial position of the energy supply company;

(c)

the information substantiating the energy administrator's view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits; and

(d)

whether any other office holder is acting in relation to the energy supply company and if so that office holder's address.

Annotations

Marginal citations

M1

1986 c. 45; section 176A inserted by the Enterprise Act 2002 (c. 40), section 252.