Valid from 15/09/2003
Powers of courtE+W+S
[F113(1)On hearing an administration application the court may—
(a)make the administration order sought;
(b)dismiss the application;
(c)adjourn the hearing conditionally or unconditionally;
(d)make an interim order;
(e)treat the application as a winding-up petition and make any order which the court could make under section 125;
(f)make any other order which the court thinks appropriate.
(2)An appointment of an administrator by administration order takes effect—
(a)at a time appointed by the order, or
(b)where no time is appointed by the order, when the order is made.
(3)An interim order under sub-paragraph (1)(d) may, in particular—
(a)restrict the exercise of a power of the directors or the company;
(b)make provision conferring a discretion on the court or on a person qualified to act as an insolvency practitioner in relation to the company.
(4)This paragraph is subject to paragraph 39.]
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))
Modifications etc. (not altering text)
C1Sch. B1 para. 13 restricted (5.10.2004) by Energy Act 2004 (c. 20), ss. 162(3), 198; S.I. 2004/2575, art. 2(1), Sch. 1