203 Consequence of notice under s 202
203 Consequence of notice under s 202

(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;