220 Meaning and effect of PPP administration orders
Greater London Authority Act 1999 (1999 c 29) | Legislation

Insolvency

220  Meaning and effect of PPP administration orders

(1)     A “PPP administration order” is an order of the court made in accordance with section 221, 222 or 223 below in relation to a PPP 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,—

(a)     for the achievement of the purposes of such an order; and

(b)     in a manner which protects the respective interests of the members and creditors of the company.

(2)     The purposes of a PPP administration order made in relation to any

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