Paragraph will ensure that. Powers of administrator. The directors have a period of days in which to submit the Statement of Affairs to me. Action taken within the period of days after an administrator’s appointment shall not be taken to amount or contribute to the adoption of a contract. Objectives of the administration 7. Notice of extension of time period.
This period has not yet expired. Where an administration order was made prior to those dates the previous administration regime applies (see paragraph 5.). A new sub-rule is added to Rule 2. In the event that the administrator refuses consent, and the landlord applies to court, the relevant guidelines to be applied by the court in considering whether or. SIPs are issued to insolvency practitioners under procedures agreed between the insolvency regulatory authorities. Although Mr Richard Sheldon QC anticipated reliance on Rule 2. Mr William Trower QC did not in the event argue that it had any application.
If the postal administrator refuses a request to act under sub- paragraph (2)— (a) the person whose request is refused may apply to the court, and (b) the court may take action of a kind specified in sub- paragraph (2). That a Creditors’ Committee be formed (if sufficient creditors are willing to be members of a committee).
