Valid from 15/09/2003
Prospective
43(1)This paragraph applies to a company in administration.
(2)No step may be taken to enforce security over the company’s property except—
(a)with the consent of the administrator, or
(b)with the permission of the court.
(3)No step may be taken to repossess goods in the company’s possession under a hire-purchase agreement except—
(a)with the consent of the administrator, or
(b)with the permission of the court.
(4)A landlord may not exercise a right of forfeiture by peaceable re-entry in relation to premises let to the company except—
(a)with the consent of the administrator, or
(b)with the permission of the court.
(5)In Scotland, a landlord may not exercise a right of irritancy in relation to premises let to the company except—
(a)with the consent of the administrator, or
(b)with the permission of the court.
(6)No legal process (including legal proceedings, execution, distress and diligence) may be instituted or continued against the company or property of the company except—
(a)with the consent of the administrator, or
(b)with the permission of the court.
(7)Where the court gives permission for a transaction under this paragraph it may impose a condition on or a requirement in connection with the transaction.
(8)In this paragraph “landlord” includes a person to whom rent is payable.