221 PPP administration orders made on special petitions
Greater London Authority Act 1999 (1999 c 29) | Legislation

221  PPP administration orders made on special petitions

(1)     If, on an application made to the court by petition presented by the Mayor, the court is satisfied that either or both of the grounds specified in subsection (2) below is satisfied in relation to that PPP company, the court may make a PPP administration order in relation to that company.

(2)     The grounds mentioned in subsection (1) above are, in relation to any company,—

(a)     that the company is or is likely to be unable to pay its debts;

(b)     that, in a case in which the Secretary of State has certified that it would be appropriate for him to petition for the winding up of the company

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