SCHEDULES

SCHEDULE 6Powers of interim receiver or administrator

5Management

1

Power to manage any property to which the order applies.

2

Managing property includes—

a

selling or otherwise disposing of assets comprised in the property which are perishable or which ought to be disposed of before their value diminishes,

b

where the property comprises assets of a trade or business, carrying on, or arranging for another to carry on, the trade or business,

c

incurring capital expenditure in respect of the property.