[72A Floating charge holder not to appoint administrative receiver]

[Chapter IV
Prohibition of Appointment of Administrative Receiver]

[72A  Floating charge holder not to appoint administrative receiver]

[(1)     The holder of a qualifying floating charge in respect of a company's property may not appoint an administrative receiver of the company.

(2)     In Scotland, the holder of a qualifying floating charge in respect of a company's property may not appoint or apply to the court for the appointment of a receiver who on appointment would be an administrative receiver of property of the company.

(3)     In subsections (1) and (2)—

“holder of a qualifying floating charge in respect of a company's property” has the

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