60 Railway administration orders made on special petitions

60  Railway administration orders made on special petitions

[(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.

[(1A)     An application under subsection (1) for the making of a railway administration order may be made—

(a)     in the case of an application on the ground specified in paragraph (a) of subsection (2), only by the appropriate national authority; and

(b)     in the case of an application on the ground specified in paragraph (b) of that subsection, only by the Secretary of State.]

(2)     The grounds mentioned in subsection (1) above

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