Article 43 Power to make special administration order on winding-up petitionI1
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.
Annotations
Commencement
- I1
Art. 43 wholly in operation at 1.4.2007, see art. 1(2) and S.R. 2007/194, art. 2(2), Sch. 1 Pt. II (subject to art. 3, Sch. 2)