[F1General dutiesN.I.
F1Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)
68. The administrator of a company shall on his appointment take custody or control of all the property to which he thinks the company is entitled.N.I.
Modifications etc. (not altering text)
C1Sch. B1 para. 68 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)
C2Sch. B1 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 2A para. 6 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 2)
69.—(1) Subject to sub-paragraph (2), the administrator of a company shall manage its affairs, business and property in accordance with—N.I.
(a)any proposals approved under paragraph 54,
(b)any revision of those proposals which is made by him and which he does not consider substantial, and
(c)any revision of those proposals approved under paragraph 55.
(2) If the High Court gives directions to the administrator of a company in connection with any aspect of his management of the company's affairs, business or property, the administrator shall comply with the directions.
(3) The Court may give directions under sub-paragraph (2) only if—
(a)no proposals have been approved under paragraph 54,
(b)the directions are consistent with any proposals or revision approved under paragraph 54 or 55,
(c)the Court thinks the directions are required in order to reflect a change in circumstances since the approval of proposals or a revision under paragraph 54 or 55, or
(d)the Court thinks the directions are desirable because of a misunderstanding about proposals or a revision approved under paragraph 54 or 55.]
Modifications etc. (not altering text)
C3Sch. B1 para. 69 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)