The Bank may present a petition to the Court for the winding-up of a designated credit institution on any of the following grounds:
(a) that in the opinion of the Bank, the winding-up of that recognised credit institution would be in the public interest;
(b) that that recognised credit institution is, or in the opinion of the Bank may be, unable to meet its obligations to its creditors;
(c) that that recognised credit institution has failed to comply with a direction of the Bank -
(i) in the case of the holder of a licence under section 9 of the Act of 1971, under section 21 of that Act, or
(ii) in the case of a building society, under section 40(2) of the Building Societies Act 1989, or
(iii) in the case of a credit union, under section 87 of the Credit Union Act 1997;
(d) that that recognised credit institution’s licence or authorisation (as applicable) has been revoked and (in the case of the holder of a licence under section 9 of the Act of 1971) that it has ceased to carry on ba
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