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Section 72DA: Exception in respect of urban regeneration projects

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 designed wholly or mainly to develop land which at the commencement of the project is wholly or partly in a designated disadvantaged area outside Northern Ireland, and
includes step-in rights.

In subsection (1) "develop" means to carry out—

building operations,
any operation for the removal of substances or waste from land and the levelling of the surface of the land, or
engineering operations in connection with the activities mentioned in paragraph (a) or (b).

In this section—

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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.