Section 117(1)

The court may make an FMI administration order in relation to an infrastructure company if satisfied— that the company is unable to pay its debts, that the company is likely to be unable to pay its debts, or that, on a petition presented by the Secretary of State under section 124A of the 1986 Act (petition for winding up on grounds of public interest), it would be just and equitable (disregarding the objective of the FMI administration) to wind up the company.

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