Yes, unless specifically excluded. For instance, banks and other regulated entities can’t appoint a Monitor. In addition, if your Company is the subject of another insolvency process at the time of filing, for example a liquidation, CVA, has an outstanding winding-up petition, is already in administration or is subject to an interim moratorium with a view to entering into administration it will be ineligible.
In addition, Companies that have been subject to a CVA, administration or another moratorium in the last 12 months will also be ineligible, other than during the COVID Period.