Commentary on Sections Chapter 3: Special Administration Regime for Energy Licensees Section 161: Restrictions on voluntary winding-up
394.This section prevents a protected energy company voluntarily winding itself up without the permission of the court and prevents the court from granting permission unless notice has been served on the Secretary of State and GEMA and at least fourteen days have elapsed since the service of the last of those notices. It also provides that if an application for an energy administration order is received before such permission is given the court can consider that application instead of granting the permission.