F1SCHEDULE B1 ADMINISTRATION
APPOINTMENT OF ADMINISTRATOR BY COURT
Powers of court
13
(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.