Insolvency Act 1986 (c. 45)

SCHEDULES

SCHEDULE B1 E+W+S ADMINISTRATION

Yn ddilys o 15/09/2003

APPOINTMENT OF ADMINISTRATOR BY HOLDER OF FLOATING CHARGE E+W+S

Invalid appointment: indemnity E+W+S

21 (1) This paragraph applies where—

(a) a person purports to appoint an administrator under paragraph 14, and

(b) the appointment is discovered to be invalid.

(2) The court may order the person who purported to make the appointment to indemnify the person appointed against liability which arises solely by reason of the appointment’s invalidity.]