(1) Notwithstanding section 215 of the Companies Act, 1963, the Bank may, by presenting a petition, apply to the Court to have the holder of a licence wound up on any of the following grounds:
(a) that the holder is or, in the opinion of the Bank, may be unable to meet its obligations to its creditors;
(b) that the holder has failed to comply with a direction of the Bank under section 21 of the Act of 1971 and the Court has not set aside the direction;
(c) that the licence has been revoked and the holder has ceased to carry on the business of banking;
(d) that the Bank considers that it is in the interest of persons having deposits (including deposits on current accounts) with the holder that the holder be wound up.
(2) Where a petition for the winding up of the holder of a licence is presented by a person other than the Bank, a copy of the petition shall be served on the Bank which shall be entitled to be heard on the petition.
(3) Where the holder of a licence is being wound up