Commentary on Sections Restrictions on other insolvency procedures Section 75: Voluntary winding up
327.This section prevents a universal service provider passing a resolution for voluntary winding up without the permission of the court and sets out conditions on which the court could give permission to allow the voluntary winding up of the company.
328.Subsection (3) stipulates that the court is not to grant permission unless:
329.If an application for a postal administration order is subsequently made before permission is granted, subsection (4) allows the court to exercise its powers under section 71 to make a postal administration order (instead of granting permission).