An administrator appointed under the Act was free to dispose of a company’s assets without first making an application to court for permission, and without first obtaining approval of his proposal from the creditors. The administrator’s role would require difficult and sometimes urgent decisions.
Judges:
Neuberger J
Citations:
Times 23-Nov-1999, Gazette 01-Dec-1999
Statutes:
Jurisdiction:
England and Wales
Insolvency, Company
Updated: 08 April 2022; Ref: scu.82217