Commentary

134 Contents of the administrator’s statement

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

134 Contents of the administrator’s statement

| Commentary

134 Contents of the administrator’s statement

The administrator’s statement, when sent to the registrar of companies and laid before the creditors and members, must specify, where it is the case, why the following purposes cannot be achieved: (a) rescuing the company as a going concern; or (b) achieving a better result for the company’s creditors as a whole than would be likely if the company were wound up (without first being in administration)1..It must also deal with such matters as are prescribed2and so it must state the nature of the notice and include3:

  1. 134.1

        Details of the court proceedings (the information identifying the company [sc. In the proceedings] the full name of the court or hearing centre where the proceedings are conducted, and any number assigned to those proceedings by the court or the hearing

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