Source: http://www.legislation.gov.uk/ukpga/1993/43/part/I/crossheading/railway-administration-orders-winding-up-and-insolvency
Timestamp: 2018-03-24 22:14:35
Document Index: 463903317

Matched Legal Cases: ['art. 2', 'art. 2', 'art. 2', 'art. 1', 'art. 10', 'art. 2', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art. 1', 'art. 10']

Railway administration orders, winding up and insolvencyE+W+S
59 Meaning and effect of railway administration order.E+W+S
(1)A “railway administration order” is an order of the court made in accordance with section 60, 61 or 62 below in relation to a protected railway company and directing that, during the period for which the order is in force, the affairs, business and property of the company shall be managed, by a person appointed by the court,—
(2)The purposes of a railway administration order made in relation to any company shall be—
(3)Schedule 6 to this Act shall have effect for applying provisions of the M1Insolvency Act 1986 where a railway administration order is made.
(4)Schedule 7 to this Act shall have effect for enabling provision to be made with respect to cases in which, in pursuance of a railway administration order, another company is to carry on all or any of the relevant activities of a protected railway company in place of that company.
(5)Without prejudice to paragraph 20 of Schedule 6 to this Act, the power conferred by section 411 of the M2Insolvency Act 1986 to make rules shall apply for the purpose of giving effect to the railway administration order provisions of this Act as it applies for the purpose of giving effect to Parts I to VII of that Act, but taking any reference in that section to those Parts as a reference to those provisions.
[F1(za)“appropriate national authority”—
(ii)in relation to any other protected railway company or company subject to a railway administration order, means the Secretary of State;]
(a)“protected railway company” means a company which is both a private sector operator and the holder of—
(i)a passenger licence [F2or a European licence which authorises the carriage of passengers by railway (or both)] ; or
(ii)a network licence, a station licence or a light maintenance depot licence; F3. . .
(b)the “relevant activities”, in relation to a protected railway company, are—
(i)in the case of a company which is the holder of a [F2or a European licence which authorises the carriage of passengers by railway (or both)] passenger licence, the carriage of passengers by railway; or
(ii)in the case of a company which is the holder of a network licence, a station licence or a light maintenance depot licence, the management of a network, a station or a light maintenance depot, according to the description of licence in question.
[F4(c)“Scottish protected railway company” means a protected railway company that is such a company only in respect of activities carried on by it as franchise operator in relation to a Scottish franchise agreement.]
“business” and “property” have the same meaning as they have in the M3Insolvency Act 1986;
[F5“the court”, in relation to a protected railway company, means the court—
that would have such jurisdiction apart from section 221(2) or 441(2) of the Insolvency Act 1986 (exclusion of winding up jurisdiction in case of companies having principal place of business in, or incorporated in, Northern Ireland);]
“the railway administration order provisions of this Act” means this section, sections 60 to 65 below and Schedules 6 and 7 to this Act.
F1S. 59(6)(za) inserted (16.10.2005) by Railways Act 2005 (c. 14), ss. 49(1)(a), 60; S.I. 2005/2812, art. 2(1), Sch. 1
F2Words in s. 59(6) inserted (28.11.2005) by The Railway (Licensing of Railway Undertakings) Regulations 2005 (S.I. 2005/3050), reg. 3, Sch. 1 para. 3(5)
F3Word in s. 59(6)(a) repealed (16.10.2005) by Railways Act 2005 (c. 14), ss. 59, 60, Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/2812, art. 2(1), Sch. 1
F4S. 59(6)(c) inserted (16.10.2005) by Railways Act 2005 (c. 14), s. 49(1)(b); S.I. 2005/2812, art. 2(1), Sch. 1
F5Words in s. 59(7) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 143(3) (with art. 10)
C1S. 59(6) modified (18.12.1996) by 1996 c. 61, s. 19(1)
60 Railway administration orders made on special petitions.E+W+S
[F6(1)If, on an application relating to a protected railway company] the court is satisfied that either or both of the grounds specified in subsection (2) below is satisfied in relation to that protected railway company, the court may make a railway administration order in relation to that company.
(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 under section 124A of the 1986 Act (petition by the Secretary of State following inspectors’ report etc), it would be just and equitable, as mentioned in that section, for the company to be wound up.
(3)Notice of any petition under this section for a railway administration order shall be given forthwith to such persons and in such manner as may be prescribed by rules made under section 411 of the 1986 Act; and no such petition shall be withdrawn except with the leave of the court.
(4)Subsections (4) and (5) of section 9 of the 1986 Act (powers on application for administration order) shall apply on the hearing of the petition for a railway administration order in relation to any company as they apply on the hearing of a petition for an administration order.
(5)Subsections (1), (2), (4) and (5) of section 10 of the 1986 Act (effect of petition) shall apply in the case of a petition for a railway administration order in relation to any company as if—
(a)the reference in subsection (1) to an administration order were a reference to a railway administration order;
(c)the reference in paragraph (c) of subsection (1) to proceedings included a reference to any proceedings under or for the purposes of section 55 [F7or 57A] above.
“the 1986 Act” means the M4Insolvency Act 1986;
“the court” has the same meaning as in section 59 above.
F6S. 60(1): words substituted "for the words from the beginning to the end of paragraph (b)" (16.10.2005) by virtue of Railways Act 2005 (c. 14), ss. 49(2), 60, Sch. 1; S.I. 2005/2812, art. 2(2), Sch. 1
F7Words in s. 60(5)(c) inserted (1.2.2001) by 2000 c. 38, s. 252, Sch. 27 para. 34; S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to savings and transitional provisions in Sch. 2 Pt. II)
C2S. 60 modified (18.12.1996) by 1996 c. 61, s. 19(3)
S. 60 restricted (18.12.1996) by 1996 c. 61, s. 19(7)
61 Restriction on making winding-up order in respect of protected railway company.E+W+S
(1)Where a petition for the winding up of a protected railway company is presented by a person other than the Secretary of State, the court shall not make a winding-up order in relation to that company on that petition unless—
(a)notice of the petition has been served on—
(i)the [F8appropriate national authority] ; and
(ii)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)Where a petition for the winding up of a protected railway company has been presented—
(a)the [F8appropriate national authority] , F10. . .
may, at any time before a winding-up order is made on the petition, make an application to the court for a railway administration order in relation to that company; and where such an application is made the court may, if it is satisfied as mentioned in section 60(1) above, make a railway administration order instead of a winding-up order.
(3)Where, on a petition for the winding up of a protected railway company, the court makes, or proposes to make, a railway administration order by virtue of subsection (2) above, subsections (4) and (5) of section 9 of the M5Insolvency Act 1986 (powers on application for administration order) shall apply on the hearing of that petition as they apply on the hearing of a petition for an administration order.
(4)In this section “the court” has the same meaning as in section 59 above.
F8Words in s. 61(1)(a)(i)(2)(a) substituted (16.10.2005) by Railways Act 2005 (c. 14), s. 49(4)(a); S.I. 2005/2812, art. 2(1), Sch. 1
F9S. 61(1)(a)(ii) repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 59, 60, Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
F10S. 61(2)(b) and preceding word repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 59, 60, Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
C3S. 61 restricted (18.12.1996) by 1996 c. 61, s. 19(7)
62 Restrictions on voluntary winding up and insolvency proceedings in the case of protected railway companies.E+W+S
(1)No resolution for voluntary winding up shall be passed by a protected railway company without leave of the court granted on an application made for the purpose by the company.
(a)notice of the application has been served on—
(i)the [F11appropriate national authority] ; and
(ii)F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Where an application for leave under subsection (1) above has been made by a protected railway company—
(a)the [F11appropriate national authority] , F13. . .
(b)F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
may, at any time before leave has been granted under subsection (1) above, make an application to the court for a railway administration order in relation to that company; and where such an application is made the court may, if it is satisfied as mentioned in section 60(1) above, make a railway administration order instead of granting leave under subsection (1) above.
(4)Where, on an application for leave under subsection (1) above, the court makes, or proposes to make, a railway administration order by virtue of subsection (3) above, subsections (4) and (5) of section 9 of the M6Insolvency Act 1986 (powers on application for administration order) shall apply on the hearing of that application as they apply on the hearing of a petition for an administration order.
(5)No administration order under Part II of the M7Insolvency Act 1986 shall be made in relation to a protected railway company unless—
(a)notice of the application for the order has been served on—
(ii)F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)Where an application for an administration order under Part II of the M8Insolvency Act 1986 has been made in the case of a protected railway company—
(a)the [F11appropriate national authority] , F15. . .
(b)F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
may, at any time before such an order has been made on that application, make an application to the court for a railway administration order in relation to that company; and where such an application is made the court may, if it is satisfied as mentioned in section 60(1) above, make a railway administration order instead of an administration order under Part II of the M9Insolvency Act 1986.
(7)No step shall be taken by any person to enforce any security over a protected railway company’s property, except where that person has served fourteen days’ notice of his intention to take that step on—
(a)the [F11appropriate national authority] ; F16. . .
“the court” has the same meaning as in section 59 above;
“resolution for voluntary winding up” has the same meaning as in the M10Insolvency Act 1986;
“security” and “property” have the same meaning as in the M11Insolvency Act 1986.
F11Words in s. 62(2)(a)(i)(3)(a)(5)(a)(i)(6)(a)(7)(a) substituted (16.10.2005) by Railways Act 2005 (c. 14), ss. 49(4)(b), 60; S.I. 2005/2812, art. 2(1), Sch. 1
F12S. 62(2)(a)(ii) repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 1, 59, 60, Sch. 1 para. 27(1)(b)(2), Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
F13S. 62(3)(b) and word repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 1,59, 60, Sch. 1 para. 27(1)(b)(2), {Sch. 13 Pt. 1} (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
F14S. 62(5)(a)(ii) repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 1, 59, 60, Sch. 1 para. 27(1)(b)(2)), {Sch. 13 Pt. 1} (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
F15S. 62(6)(b) and word repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 1, 59, 60, Sch. 1 para. 27(1)(b)(2), Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
F16S. 62(7)(b) and word repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 1, 59, 60, Sch. 1 para. 27(1)(b)(2), Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
C4S. 62 restricted (18.12.1996) by 1996 c. 61, s. 19(7)
M81986 c. 45.
M101986 c. 45.
M111986 c. 45.
63 Government financial assistance where railway administration orders made.E+W+S
(1)Where a railway administration order is for the time being in force in relation to a company [F17other than a Scottish protected railway company] , the Secretary of State may, with the consent of the Treasury—
[F18(b)agree to indemnify a relevant person in respect of—
(ii)loss or damage incurred by that person in that connection.]
(2)The Secretary of State may, with the consent of the Treasury, guarantee,F19. . . the repayment of the principal of, the payment of interest on and the discharge of any other financial obligation in connection with any sum which is borrowed from any person by a company [F20 where that company—
(b)is not a Scottish protected railway company.]
a railway administration order is in force at the time when the guarantee is given.
[F21(2A)A grant, loan, indemnity or guarantee under this section may be made or given in whatever manner, and on whatever terms and subject to whatever conditions, the Secretary of State considers appropriate.]
(3)Without prejudice to any provision applied in relation to the company by Schedule 6 to this Act—
[F22(3A)The power of the Secretary of State under this section to agree to indemnify a relevant person—
(b)the references to a firm of which a person was a member or employee at a particular time include references to a firm which holds itself out to be the successor of a firm of which he was a member or employee at that time.]
[F23(4A)If sums are paid by the Secretary of State in consequence of an indemnity agreed to under this section in the case of a company in relation to which a railway administration order is in force, the company must pay him—
(4D)The consent of the Treasury is required for the giving of a direction under subsection (4A) and for the making of a determination under subsection (4B).]
F17Words in s. 63(1) inserted (16.10.2005) by Railways Act 2005 (c. 14), ss. 50(1)(a), 60; S.I. 2005/2812, art. 2(1), Sch. 1
F18S. 63(1)(b) substituted (24.7.2005) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 9(1); S.I. 2005/1909, art. 2, Sch.
F19Words in s. 63(2) repealed (24.7.2005) by Railways Act 2005 (c. 14), ss. 59, 60, Sch. 13 Pt. 1 (with s. 14(4)(5), Sch. 11 para. 11(2)); S.I. 2005/1909, art. 2, Sch.
F20Words in s. 63(2) inserted (16.10.2005) by Railways Act 2005 (c. 14), ss. 50(1)(b), 60; S.I. 2005/2812 {art. 2(1)}, Sch. 1
F21S. 63(2A) inserted (24.7.2005) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 9(2); S.I. 2005/1909, art. 2, Sch.
F22S. 63(3A)-(3C) inserted (24.7.2005) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 9(3); S.I. 2005/1909, art. 2, Sch.
F23S. 63(4A)-(4D) inserted (24.7.2005) by Railways Act 2005 (c. 14), ss. 54, 60, Sch. 11 para. 9(4); S.I. 2005/1909, art. 2, Sch.
C5S. 63 restricted (18.12.1996) by 1996 c. 61, s. 19(7)
C6S. 64 restricted (18.12.1996) by 1996 c. 61, s. 19(7)
[F2464AFinancial assistance by Scottish MinistersE+W+S
(11)Subsection (9) does not apply in the case of a sum paid by the Scottish Ministers for indemnifying a person in respect of a liability to the company in relation to which the railway administration order in question was made.]
F24S. 64A inserted (16.10.2005) by Railways Act 2005 (c. 14), ss. 50(2), 60; S.I. 2005/2812, art. 2(1), Sch. 1
65 Meaning of “company" and application of provisions to unregistered, foreign and other companies.E+W+S
[F25(1)In the railway administration order provisions of this Act—
an unregistered company; and
“unregistered company” means a company that is not registered under that Act.]
(2)In the application of section 59(1) above in a case where the protected railway company there mentioned is a foreign company, the reference to the affairs, business and property of the company shall be taken as a reference to the affairs and business of the company, so far as carried on in Great Britain, and the property of the company within Great Britain.
(3)In the application of section 9(5) of the 1986 Act by virtue of subsection (4) of section 60 above or subsection (3) of section 61 above where the petition mentioned in the subsection in question relates to a company which is a foreign company, the reference to restricting the exercise of any powers of the directors or of the company shall be taken as a reference to restricting—
(4)In the application of provisions in section 10 of the 1986 Act by virtue of subsection (5) of section 60 above where the company mentioned in that subsection is a foreign company—
(5)Subsections (1) to (4) of section 62 above shall not have effect in relation to a protected railway company which is a foreign company.
(6)In the application of subsection (7) of that section where the protected railway company there mentioned is a foreign company, the reference to the company’s property shall be taken as a reference to such of its property as is for the time being situated in Great Britain.
“the 1986 Act” means the M12Insolvency Act 1986;
“the railway administration order provisions of this Act” means sections 59 to 64 above, this section and Schedules 6 and 7 to this Act.
F25S. 65(1) substituted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 143(4) (with art. 10)
C7S. 65 restricted (18.12.1996) by 1996 c. 61, s. 19(7)