Insolvency Act CAP 53▤
Administrator to vacate office on ceasing to be qualified
(1) An administrator of a company vacates office if the administrator ceases to be an authorised insolvency practitioner. (2) If a…
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727 results · Insolvency Act CAP 53
Insolvency Act CAP 53▤
Court may remove administrator from office
The Court may, by order, remove an administrator from office if satisfied that circumstances exist that make it inappropriate for…
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Insolvency Act CAP 53▤
Resignation of administrator
(1) An administrator may resign only in the circumstances prescribed by the insolvency regulations for the purposes of this sectio…
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Insolvency Act CAP 53▤
Administrator to lodge copy of order of the Court terminating appointment with Registrar of Companies
(1) Within fourteen days after the Court has made an order under this Part terminating the appointment of an administrator, the ad…
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Insolvency Act CAP 53▤
Discharge of administration order if administrator's appointment is terminated
The Court shall discharge an administration order if— (a) it has made an order under this Part terminating an administrator's appo…
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Insolvency Act CAP 53▤
Moving from administration to dissolution
(1) On forming the belief that a company that is under administration has no property that might allow a distribution to its credi…
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Insolvency Act CAP 53▤
Procedure for moving from administration to creditors' voluntary liquidation
(1) This section applies if the administrator of a company believes— (a) that the total amount that each secured creditor of the c…
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Insolvency Act CAP 53▤
Court to terminate administrator's appointment on making of public interest liquidation order
(1) If a liquidation order is made for the liquidation of a company under administration on an application made under section 425,…
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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 appoint…
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Insolvency Act CAP 53▤
Termination of administration when objective achieved
(1) This section applies to an administrator of a company who is appointed under section 534 or 541. (2) If the administrator beli…
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Insolvency Act CAP 53▤
Court may terminate administration on application of administrator
(1) The administrator of a company shall make an application to the Court for an order terminating the administrator's appointment…
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Insolvency Act CAP 53▤
Circumstances in which administrator's term of office can be extended
(1) Despite section 593— (a) on the application of an administrator, the Court may by order extend the administrator's term of off…
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Insolvency Act CAP 53▤
Automatic end of administration
The appointment of an administrator automatically ends at the end of twelve months from and including the date on which it took ef…
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Insolvency Act CAP 53▤
Power of the Court to examine conduct of administrator's administration of the company
(1) The Court may examine the conduct of a person who— (a) is or purports to be the administrator of a company; or (b) has been, o…
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Insolvency Act CAP 53▤
Administrator's conduct of administration can be challenged
(1) A creditor or member of a company under administration may apply to the Court claiming— (a) that the administrator is acting o…
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Insolvency Act CAP 53▤
Protection for secured and preferential creditors
(1) An administrator's statement of proposals under section 566 may not include action that— (a) affects the right of a secured cr…
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Insolvency Act CAP 53▤
Power of administrator to dispose of goods that are subject to credit purchase transaction
(1) The Court may make an order authorising the administrator of a company to dispose of goods that are in the possession of the c…
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Insolvency Act CAP 53▤
Power of administrator to dispose of, and deal with, charged property: non-floating charge
(1) On the application of the administrator of a company, the Court may make an order enabling the administrator to dispose of pro…
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Insolvency Act CAP 53▤
Power of administrator to dispose of, and deal with, charged property: floating charge
(1) The administrator of a company may dispose of, or take action relating to, property that is subject to a floating charge as if…
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Insolvency Act CAP 53▤
Administrator is agent of company
In performing and exercising the administrator's functions and powers under this Part, the administrator of a company acts as its…
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Insolvency Act CAP 53▤
Duty of administrator to manage affairs and property of company
(1) Subject to subsection (2), the administrator of a company shall manage its affairs and property in accordance with— (a) any pr…
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Insolvency Act CAP 53▤
Duty of administrator to assume control of property of company
Immediately on being appointed as administrator of a company, the administrator shall assume control of all the property to which…
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Insolvency Act CAP 53▤
Power of administrators to make special payments in certain cases
The administrator of a company may make a payment otherwise than in accordance with section 582 or paragraph 13 of the Fourth Sche…
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Insolvency Act CAP 53▤
Power of administrator to distribute company's assets to creditors
(1) The administrator of a company may make a distribution to creditors of the company. (2) Section 471 and the Second Schedule ap…
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