(1) Where a notice has been given under section 202(3), the official receiver or any creditor or contributory of the company, or the administrative receiver of the company (if there is one) may apply to the Secretary of State for directions under this section.
(2) The grounds on which that application may be made are—
(a) that the realisable assets of the company are sufficient to cover the expenses of the winding up;
(b) that the affairs of the company do require further investigation; or
(c) that for any other reason the early dissolution of the company is inappropriate.
(3) Directions under
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STOP PRESS: The Corporate Insolvency and Governance Act 2020 contains provisions which, on a temporary basis (presently until 31 December 2020) impose significant limitations on the ability for a creditor to seek a winding-up order against a company. For further reading, see Practice Note: Corporate
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