Section 597 of Insolvency Act CAP 53: Court may terminate administrator's appointment on application of creditor

    

(1) A creditor of a company that is under administration may make an application to the Court for an order terminating the appointment of an administrator of the company.
(2) An application under subsection (1) may be made only if it alleges an improper motive—
(a) in the case of an administrator appointed by the Court, on the part of the applicant for the order; or
(b) in any other case, on the part of the person who appointed the administrator.
(3) On the hearing of an application made under subsection (1), the Court may make—
(a) an order terminating the administrator's appointment with immediate effect or from a specified later date;
(b) an order dismissing the application; or (c) an interim order.
(4) If the Court makes an order under subsection (3), it may also make— (a) an order adjourning the hearing conditionally or unconditionally; and (b) such ancillary orders as it considers appropriate.


Disclaimer: This document is not to be taken as legal advise.

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