Winding up of registered housing associations
27. Subject to section 64(a) of the Act of 1969, the Department may present a petition for the winding up under the Insolvency (Northern Ireland) Order 1989(1) of a registered housing association—
(a)on the ground that the association is failing properly to carry out its purposes or objects;
(b)on the ground that the association is unable to pay its debts within the meaning of Article 103 of that Order.
(1)