| Commentary

330 Purpose of administration

| Commentary

330 Purpose of administration

The second threshold requirement, applicable in all cases, is that the administrator must perform his functions with the objective of achieving the purpose of administration, meaning the statutory purposes set out in the legislation1. On an application for an administration order, the court may make an administration order only if satisfied that the administration order is reasonably likely to achieve the purpose of administration2. Equally, on an out-of-court appointment, whether by the holder of a qualifying agricultural floating charge or by the members of the insolvent partnership, the notice of appointment must

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