Section 27 Duty to make order.I1

(1)

This section applies if an application is made to any court for the winding up of a licence company.

(2)

The Secretary of State and the CAA are entitled to be heard by the court.

(3)

The court must not make a winding up order or appoint a provisional liquidator.

(4)

But if the court is satisfied that it would be appropriate to make a winding up order if the company were not a licence company, it must instead make an air traffic administration order.

(5)

The Secretary of State and the CAA may propose a person to manage the company’s affairs, business and property while an air traffic administration order is in force; and if they do the court must appoint that person.

(6)

A reference to the court is to the court which (but for this section) would have jurisdiction to wind up the company.

Annotations

Commencement

I1: S. 27 wholly in force at 1.2.2001, see s. 275(1)(2) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)