[F114.—(1) On hearing an administration application the High Court may—N.I.
(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.]
F1Sch. 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)