SCHEDULES
F1SCHEDULE B1 ADMINISTRATION
REPLACING ADMINISTRATOR
93
(1)
Where the administrator was appointed under paragraph 22(1) by the company it may replace the administrator.
(2)
A replacement under this paragraph may be made only—
(a)
with the consent of each person who is the holder of a qualifying floating charge in respect of the company’s property, or
(b)
where consent is withheld, with the permission of the court.