Section 450: Application to Court for administration order.

(1) An application to the Court for an administration order in respect of a company (in this Act referred to as an “administration application”) may be made by—
(a) the company;
(b) the directors of the company;
(c) one or more creditors of the company;
(d) the designated officer of the Federal High Court appointed to act as a receiver under this Act or any other law; or
(e) a combination of the persons listed in paragraphs (a)-(d).
(2) As soon as is reasonably practicable after the making of an administration application, the applicant shall notify—
(a) any Court that has appointed a receiver and any person who has appointed a receiver of the company;
(b) a person who has, who is or who may be entitled to appoint a receiver of the company;
(c) a person who is or may be entitled to appoint an administrator of the company under section 452 of this Act; and
(d) such other persons as may be prescribed.
(3) An administration application shall not be withdrawn without the permission of the Court.
(4) In subsection (1), “creditor” includes a contingent creditor and a prospective creditor.