Section 607 of Insolvency Act CAP 53: Power of the Court to replace administrator
(1) Any of the following may make an application under subsection (2) for the replacement of an administrator appointed by the Court— (a) a creditors' committee of the company;
(b) the company;
(c) the directors of the company;
(d) one or more creditors of the company; or
(e) if more than one person was appointed to act jointly or concurrently as the administrator, any of the persons who remain in office.
(2) An application may be made by a person or persons referred to subsection (1)(b), (c) or (d) only if— (a) there is no creditors' committee of the company;
(b) the Court is satisfied that the creditors' committee or a remaining administrator is not taking reasonable steps to make a replacement; or
(c) the Court is satisfied that for any other reason it is right for the application to be made.
(3) On the hearing of an application made under subsection (1), the Court shall make an order replacing the administrator if satisfied the administrator has died, is for any other reason not able to act as such or is not performing his or her duties in a competent manner
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- Section 608 - Power of holder of floating charge to appoint replacement administrator appointed under section 534
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(1) Deleted by Act No. 1 of 2021
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(2) A company...
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