78 Effect of making the application

Copyright © 2025 LexisNexis

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

78 Effect of making the application

Copyright © 2025 LexisNexis

| Commentary

Provided that there is no administrative receiver when the application is made, during the period beginning with the making of the administration application¹, and ending with an administration order coming into effect, or an order dismissing the application²:

78.1
no resolution or order for the winding up of the company may

View the latest version of this document, as well as thousands of others like it, sign in to LexisNexis or register for a free trial

EXISTING USER? SIGN IN CONTINUE READING

Powered by Lexis+^®

View full volume

View full volume

C: ADMINISTRATION

79 The hearing

80 The order and the procedural steps immediately following

81 Costs

82 Power to appoint

83 Alternative of appointing an administrative receiver

84 More than one qualifying floating charge holder: priorities

85 Bars on appointment of an administrator by the holder of a qualifying floating charge

86 Procedure for appointment of administrator by qualifying floating charge holder

87 Procedure for out-of-hours appointment under the Insolvency Act 1986 Schedule B1 paragraph 14

88 Notification of appointment

89 Indemnity: invalid appointment

90 When procedure available

91 Notices required

92 Notice of appointment where there is no qualifying floating charge holder

93 Filing of notice of appointment in court

94 Documents to be filed with the notice of appointment where there is no qualifying floating charge holder

95 Notice of intention to appoint where there is no qualifying floating charge holder

96 Timing of appointment

97 Notification of appointment

98 Out-of-court procedure where there is a qualifying floating charge holder