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Section 72D: Third exception: utilities

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part III: Receivership — CHAPTER IV: PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER

Section 72A does not prevent the appointment of an administrative receiver of a project company of a project which—

is a utility project, and
includes step-in rights.

In this section—

"utility project" means a project designed wholly or mainly for the purpose of a regulated business,
"regulated business" means a business of a kind listed in paragraph 10 of Schedule 2A,
"step-in rights" has the meaning given by paragraph 6 of that Schedule, and
"project company" has the meaning given by paragraph 7 of that Schedule.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.