| Commentary

177 Powers of administrative receivers

| Commentary

177 Powers of administrative receivers

Administrative receivers are deemed to have the wide powers set out in the Insolvency Act 1986 unless these are inconsistent with the powers conferred by the debenture1. The statutory powers cover most eventualities, but well-drawn debentures should expand and adapt them as appropriate for the particular company. In case of doubt, any receiver can apply to the court for directions2. A third party dealing with an administrative receiver in good faith and for value is not concerned to inquire whether the receiver is acting within his powers3.

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