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Commentary

125 Powers of administrator

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

125 Powers of administrator

| Commentary

125 Powers of administrator

The administrator of a company may do all such things as may be necessary or expedient for the management of the affairs, business and property of the company. He also has the specific powers set out in Schedule 1 to the Insolvency Act 19861. The administrator of a company may make a payment otherwise than by way of distribution to creditors or under paragraph 13 to Schedule 1 (payment necessary or incidental to the performance of his functions) if he thinks it likely to assist achievement of the purpose of administration2. In exercising his powers, the

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