SCHEDULES
F1C1SCHEDULE B1ADMINISTRATION
Sch. B1 applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 87(1)(2), 93(3), Sch. 10 Pt. 1, Sch. 10 Pt. 2
APPOINTMENT OF ADMINISTRATOR BY HIGH COURT
Powers of High Court
14
1
On hearing an administration application the High Court may—
a
make the administration order sought;
b
dismiss the application;
c
adjourn the hearing conditionally or unconditionally;
d
make an interim order;
e
treat the application as a winding-up petition and make any order which the Court could make under Article 105;
f
make any other order which the Court thinks appropriate.
2
An appointment of an administrator by administration order takes effect—
a
at a time appointed by the order, or
b
where no time is appointed by the order, when the order is made.
3
An interim order under sub-paragraph (1)(d) may, in particular—
a
restrict the exercise of a power of the directors or the company;
b
make provision conferring a discretion on the Court or on a person qualified to act as an insolvency practitioner in relation to the company.
4
This paragraph is subject to paragraph 40.
Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)