SCHEDULE 7 Transfer of Relevant Activities in Connection With Railway Administration Orders

SCHEDULE 7 Transfer of Relevant Activities in Connection With Railway Administration Orders

Section 59

Application of Schedule

1

(1)     This Schedule shall apply in any case where—

(a)     the court has made a railway administration order in relation to a protected railway company (“the existing appointeeâ€); and

(b)     it is proposed that, on and after a date appointed by the court, another company (“the new appointeeâ€) should carry on the relevant activities of the existing appointee, in place of the existing appointee.

(2)     In this Schedule—

“the courtâ€, in the case of any protected railway company, means the court having jurisdiction to wind up the company;

“other appointee†means any company, other than the existing appointee or the new appointee, which is the holder of a licence under section 8 of this Act [or of a [railway undertaking] licence] and which may be affected by the proposal mentioned in sub-paragraph (1)(b) above;

“the relevant date†means such day, being a day before the discharge of the railway administration order takes effect, as the court may appoint for the purposes of this Schedule; and

“special railway administratorâ€, in relation to a company in relation to which a railway

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