Section 222 Restriction on making winding-up order.I1

(1)

Where a petition for the winding up of a PPP company is presented by a person other than the Mayor, the court shall not make a winding-up order in relation to that company on that petition unless—

(a)

notice of the petition has been served on the Mayor; and

(b)

a period of at least fourteen days has elapsed since the service of that notice.

(2)

Where a petition for the winding up of a PPP company has been presented, the Mayor may, at any time before a winding-up order is made on the petition, make an application to the court for a PPP administration order in relation to that company; and where such an application is made the court may, if it is satisfied as mentioned in section 221(1) above, make a PPP administration order instead of a winding-up order.

(3)

Where, on a petition for the winding up of a PPP company, the court makes, or proposes to make, a PPP administration order by virtue of subsection (2) above, subsections (4) and (5) of section 9 of the M1Insolvency Act 1986 (powers on application for administration order) shall apply on the hearing of that petition as they apply on the hearing of a petition for an administration order.

(4)

In this section the court has the same meaning as in section 220 above.

Annotations

Marginal citations

M1: 1986 c. 45.

Commencement

I1: S. 222 in force at 15.7.2003 by S.I. 2003/1920, art. 2(b)