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)
Modifications etc. (not altering text)
C1Sch. B1 applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 87(1)(2), 93(3), Sch. 10 Pt. 1, Sch. 10 Pt. 2
C2Sch. B1 applied (with modifications) by S.R. 1995/225, Sch. 2 (as amended (19.12.2018) by The Banks and Building Societies (Priorities on Insolvency) Order 2018 (S.I. 2018/1244), arts. 1(2), 36 (with art. 3))
C3Sch. B1 modified by S.R. 1995/225, art. 6, Sch. 2 (as modified (28.12.2020 until IP completion day when the amending provision ceases to have effect in accordance with reg. 1(4) of the amending S.I.) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(4), 122(3) (with reg. 108))
C4Sch. B1 modified (28.12.2020 until IP completion day when the amending provision ceases to have effect in accordance with reg. 1(4) of the amending S.I.) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(4), 120 (with reg. 108)
C5Sch. 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)
38.—(1) This paragraph applies where the holder of a qualifying floating charge in respect of a company's property could appoint an administrator under paragraph 15 but for paragraph 9(1)(b).N.I.
(2) The holder of the qualifying floating charge may make an administration application.
(3) If the High Court makes an administration order on hearing an application made by virtue of sub-paragraph (2)—
(a)the Court shall discharge the winding-up order,
(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.
39.—(1) The liquidator of a company may make an administration application.N.I.
(2) If the High 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.]