| Commentary

160 Necessary conditions of appointment

| Commentary

160 Necessary conditions of appointment

For an administrative receiver to be appointed, there must be no administration in force in relation to the company. However, provided that the security under which the appointment was made was duly registeredunder the Companies Act 2006 Section 860, the fact that the company is in winding up does not prevent the appointment of an administrative receiver. In such a case, the administrative receiver is not the agent of the company, although he can still take possession of the charged assets and sell them subject, in the case of a compulsory liquidation or where a

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