Versions

 

116. Court ending administration on application of creditor

(1) On the application of a creditor of a Company the Court may provide for the appointment of an administrator of the Company to cease to have effect at a specified time.
(2) An application under this Section must allege an improper motive —
(a) in the case of an administrator of a Company appointed by administration order, on the part of the applicant for the order; or
(b) in any other case, on the part of the person who appointed the administrator of the Company.
(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).