Insolvency Act · s 33

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s 33Power of Minister to present judicial management petition

(1)

The Minister may, if he considers it expedient in the public interest, present a petition for a judicial management order in relation to any company.

(2)

The Court may make a judicial management order on the petition of the Minister and appoint a judicial manager if the Court is satisfied that it is expedient in the public interest to do so, and the Court may, if it thinks fit, forthwith make a judicial management order or make such other order as it thinks fit.

(3)

The purposes for which a judicial management order may be made on the petition of the Minister are —

(a)

such purpose or purposes for the promotion of the public interest as the Minister may specify in his petition;

(b)

all or any one or more of the purposes specified in section 32, and the order shall specify the purpose or purposes for which it is made.