The Insolvency (Northern Ireland) Order 1989

[F1Moving from administration to dissolutionN.I.

85.—(1) If the administrator of a company thinks that the company has no property which might permit a distribution to its creditors, he shall send a notice to that effect to the registrar.N.I.

F2(1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(1B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) The High Court may on the application of the administrator of a company disapply sub-paragraph (1) in respect of the company.

(3) On receipt of a notice under sub-paragraph (1) F3... the registrar shall register it F3....

(4) On the registration of a notice in respect of a company under sub-paragraph (1) the appointment of an administrator of the company shall cease to have effect.

(5) If an administrator sends a notice under sub-paragraph (1) he shall as soon as is reasonably practicable—

(a)file a copy of the notice with the Court, and

(b)send a copy of the notice to each creditor of whose claim and address he is aware.

(6) At the end of the period of 3 months beginning with the date of registration of a notice in respect of a company under sub-paragraph (1) the company is deemed to be dissolved F4....

F5(6A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(6B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7) On an application in respect of a company by the administrator or another interested person the Court may—

(a)extend the period specified in sub-paragraph (6) F6...,

(b)suspend that period, or

(c)disapply sub-paragraph (6) F7....

(8) Where an order is made under sub-paragraph (7) in respect of a company the administrator shall as soon as is reasonably practicable notify the registrar.

(9) An administrator commits an offence if he fails without reasonable excuse to comply with sub-paragraph (5).]

Modifications etc. (not altering text)