SCHEDULES
F1C2C3C4SCHEDULE B1 ADMINISTRATION
Sch. B1 applied in part (with modifications) (5.10.2004) by Energy Act 2004 (c. 20), ss. 159(1), 198, Sch. 20 Pts. 1-3; S.I. 2004/2575, art. 2(1), Sch. 1
Sch. B1 applied (with modifications) (1.7. 2005) by S.I. 1994/2421, art. 6(1), Sch. 2 (as amended (1.7.2005) by S.I. 2005/1516, arts. 3, 7, Sch. 1 (with art. 2))
Sch. B1: specified provisions applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 93(2)(3), {Sch. 10 Pts. 1, 2}; S.I. 2011/2329, art. 3 (with arts. 4, 5)
PROCESS OF ADMINISTRATION
C155Failure to obtain approval of administrator’s proposals
1
This paragraph applies where an administrator reports to the court that—
a
an initial creditors’ meeting has failed to approve the administrator’s proposals presented to it, or
b
a creditors’ meeting has failed to approve a revision of the administrator’s proposals presented to it.
2
The court may—
a
provide that the appointment of an administrator shall cease to have effect from a specified time;
b
adjourn the hearing conditionally or unconditionally;
c
make an interim order;
d
make an order on a petition for winding up suspended by virtue of paragraph 40(1)(b);
e
make any other order (including an order making consequential provision) that the court thinks appropriate.
Sch. 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))