Version Superseded: 04/01/2024
Point in time view as at 27/04/2020. This version of this provision has been superseded.
Insolvency Act 1986, Section 63 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)The court on the application of—
(a)the holder of a floating charge by virtue of which a receiver was appointed, or
(b)a receiver appointed under section 51,
may give directions to the receiver in respect of any matter arising in connection with the performance by him of his functions.
(2)Where the appointment of a person as a receiver by the holder of a floating charge is discovered to be invalid (whether by virtue of the invalidity of the instrument or otherwise), the court may order the holder of the floating charge to indemnify the person appointed against any liability which arises solely by reason of the invalidity of the appointment.
Modifications etc. (not altering text)
C1S. 63 amended (1.12.2001) by 2000 c. 8, s. 363(2); S.I. 2001/3538, art. 2(1)
C2Ss. 63-66 applied (with modifications) (6.4.2001) by S.S.I. 2001/128, reg. 4, Sch. 2, Sch. 3
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