Companies and Allied Matters Act 2020

Section 451

(1) On hearing an administration application, the 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 section 574 of this Act; or

(f) make any other order which the Court deems appropriate.

(2) An appointment of an administrator by an 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 subsection (1) (d) may, in particular-

(a) restrict the exercise of a power of the directors or the company; or

(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 section is subject to section 573 of this Act.

Reproduced for reference only - this is not legal advice. Legislation can be amended or repealed; verify the current authoritative text with official sources before relying on it. Report a content issue.