SCHEDULES
F1SCHEDULE B1ADMINISTRATION
ADMINISTRATION APPLICATION — SPECIAL CASES
Intervention by holder of floating charge
37.
(1)
This paragraph applies where—
(a)
an administration application in respect of a company is made by a person who is not the holder of a qualifying floating charge in respect of the company's property, and
(b)
the holder of a qualifying floating charge in respect of the company's property applies to the High Court to have a specified person appointed as administrator (and not the person specified by the administration applicant).
(2)
The Court shall grant an application under sub-paragraph (1)(b) unless the Court thinks it right to refuse the application because of the particular circumstances of the case.