113. Court ending administration on application of administrator

Past version: effective from 14/06/2015 - 13/06/2015
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(1) On the application of the administrator of a Company the Court may provide for the appointment of an administrator of the Company to cease to have effect from a specified time.
(2) The administrator of a Company shall make an application under this Section if —
(a) he thinks the purpose of administration cannot be achieved in relation to the Company;
(b) he thinks the Company should not have entered administration;
(c) a creditors' meeting requires him to make an application under this Section;
(i) the administration is pursuant to an administration order; and
(ii) the administrator of the Company thinks that the purpose of administration has been sufficiently achieved in relation to the Company; or
(e) the Company contravenes Section 74(2) (Execution of Deed of Company Arrangement) by failing to execute a proposed Deed of Company Arrangement.
(3) On an application under this Section the Court may —
(a) adjourn the hearing conditionally or unconditionally;
(b) dismiss the application;
(c) make an interim order; and/or
(d) make any order it thinks appropriate (whether in addition to, in consequence of or instead of the order applied for).