Singapore legislation
Section 27B
Section 27B
Railway administration order, etc., made on application by Authority
(1)
If, on an application made to the Minister by the Authority, the Minister is satisfied in relation to any company that is a licensee that any one or more of the grounds specified in subsection (2) is satisfied in relation to that company, the Minister may make a railway administration order in relation to that company.
(2)
The grounds mentioned in subsection (1) are, in relation to any company that is a licensee of a rapid transit system —
that there has been, is or is likely to be a contravention by the company of the conditions of its licence or this Act that is serious enough to make it inappropriate for the company to continue to hold the licence to operate that rapid transit system;
that the company is or is likely to be unable to pay its debts;
that the Minister considers it in the interest of the safety, security and continuity of the provision of railway passenger services relating to that rapid transit system; or
that the Minister otherwise considers it in the public interest.
(3)
Notice of any application under subsection (1) must be given immediately by the Authority to the persons and in the manner prescribed.
(4)
Any decision of the Minister under subsection (1) is final.
(5)
For the purposes of this section, a company is unable to pay its debts if it is a company which is deemed to be so unable under section 125(2) of the Insolvency, Restructuring and Dissolution Act 2018.