Part 4Special administration regime
Restrictions on other insolvency procedures
I174Winding-up orders
1
This section applies if a person other than the Secretary of State petitions for the winding-up of a company which is a universal service provider.
2
The court is not to exercise its powers on a winding-up petition unless—
a
notice of the petition has been served on the Secretary of State and OFCOM, and
b
a period of at least 14 days has elapsed since the service of the last of those notices to be served.
3
If an application for a postal administration order in relation to the company is made to the court in accordance with section 70(1) before a winding-up order is made on the petition, the court may exercise its powers under section 71 (instead of exercising its powers on the petition).
4
References in this section to the court's powers on a winding-up petition are to—
a
its powers under section 125 of the 1986 Act (other than its power of adjournment), and
b
its powers under section 135 of the 1986 Act.