The straightforward answer to this question is that no, there is no equivalent to section 271(3) of the Insolvency Act 1986 (IA 1986) for winding-up petitions. The equivalent part of IA 1986 relating to the winding up of a company is IA 1986, s 125, which does not contain wording similar to IA 1986, s 271(3) for a bankruptcy petition. For more details, see Practice Note: Compulsory winding-up of a company—the process and procedure. However, IA 1986, s 125 does give the court considerable discretion not to wind up a company if it is does not think winding up is the right solution. See IA 1986, s 125: ‘On hearing a winding-up petition the court may dismiss it, or adjourn the hearing conditionally or