1986 Ed.]
Eastern Harbour Crossing
[CAP. 215
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(b) subsection (4)(b) shall be served on-
(i) the Road Company and the guarantors, if given under sub-paragraph (i) of that subsection;
(ii) the Road Company, if given under sub-paragraph (ii)(A) of that subsection; or
(iii) the Rail Company, if given under sub-paragraph (ii)(B) of that subsection,
and shall, as soon as practicable thereafter, be published in the Gazette.
70. (1) All rights and obligations of both the Road Company and the Rail Company under this Ordinance shall determine on-
(a) the commencement of the voluntary winding up of either company, otherwise than for the purposes of an assignment in accordance with section 9, at any time prior to the discharge date;
(b) the making of a winding up order in respect of either company prior to the discharge date; and
(c) the revocation of the franchises under section 69(4)(b)(i).
(2) All rights and obligations of the Road Company under this Ordinance shall determine on--
(a) the commencement of the voluntary winding up of the company, otherwise than for the purposes of an assignment in accordance with section 9;
(b) the making of a winding up order in respect of the company;
(c) the revocation of the franchise granted by section 4(1) under section 69(4)(b)(ii)(A);
(d) on the expiration of the period specified in section 4(2).
(3) All rights and obligations of the Rail Company under this Ordinance shall determine on-
(a) the commencement of the voluntary winding up of the company, otherwise than for the purposes of an assignment in accordance with section 9;
(b) the making of a winding up order in respect of the company;
(c) the revocation of the franchise granted by section 5(1) under section 69(4)(b)(ii)(B);
(d) on the expiration of the period specified in section 5(2).
(4) Upon the determination of the rights and obligations of the Road Company or the Rail Company under this section the assets of that company shall vest in the Government.
Effect of winding up of the companies, termination of franchises etc.
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