182. Exception in case of company in winding up or administration

(1) This section applies to a company—
(a) that is being wound up (unless the winding up is a members' voluntary winding up), or
(b) that is in administration within the meaning of the Insolvency Regulations 2015.
(2) Approval is not required under section 179 (substantial property transactions)—
(a) on the part of the members of a company to which this section applies, or
(b) for an arrangement entered into by a company to which this section applies.