F1SCHEDULE B1ADMINISTRATION
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.