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Insolvency Act 1986
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Insolvency Act 1986, Paragraph 38 is up to date with all changes known to be in force on or before 26 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule B1 Paragraph 38:
- Act savings and transitional provisions for amendments by S.I. 2022/1166 by S.I. 2022/1172 Regulations
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
- Act savings and transitional provisions for amendments by S.I. 2022/1166 by S.I. 2022/1172 Regulations
[F138(1)The liquidator of a company may make an administration application.E+W+S
(2)If the court makes an administration order on hearing an application made by virtue of sub-paragraph (1)—
(a)the court shall discharge any winding-up order in respect of the company,
(b)the court shall make provision for such matters as may be prescribed,
(c)the court may make other consequential provision,
(d)the court shall specify which of the powers under this Schedule are to be exercisable by the administrator, and
(e)this Schedule shall have effect with such modifications as the court may specify.]
Textual Amendments
F1Sch. B1 inserted (15.9.2003) by 2002 c. 40, ss. 248(2), 279, Sch. 16 (with s. 249(1)-(3)(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))
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