Section 115(7)

The objective of the FMI administration may be achieved by transfers falling within subsection (5) only to the extent that— the rescue as a going concern of the company subject to the FMI administration order is not reasonably practicable or is not reasonably practicable without such transfers, the rescue of that company as a going concern will not achieve that objective or will not do so without such transfers, or such transfers would produce a result for the company's creditors as a whole that is better than the result that would be produced without them.

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Source: legislation.gov.uk · retrieved 2026-09-04