COMPANIES AND ALLIED MATTERS ACT, 2020
Section 451: Powers of Court in administration application.
(1) On hearing an administration application, the Court may—
(a) make the administration order sought;
(b) dismiss the application;
(c) adjourn the hearing conditionally or unconditionally;
(d) make an interim order;
(e) treat the application as a winding-up petition and make any order which the Court could make under section 574 of this Act; or
(f) make any other order which the Court deems appropriate.
(2) An appointment of an administrator by an administration order takes effect—
(a) at a time appointed by the order; or
(b) where no time is appointed by the order, when the order is made.
(3) An interim order under subsection (1) (d) may, in particular—
(a) restrict the exercise of a power of the directors or the company; or
(b) make provision conferring a discretion on the Court or on a person qualified to act as an insolvency practitioner in relation to the company.
(4) This section is subject to section 573 of this Act.
Cite this section
Section 451, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).
https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/451/