Insolvency Act · 2022 Revised Edition · Chapter VI
117. Appointment by Court following judicial management or voluntary arrangement
Official textFrom Attorney General's Chambers, unchanged
Where a winding up order is made immediately on the appointment of a judicial manager ceasing to have effect, the Court may appoint as liquidator of the company the person whose appointment as judicial manager has ceased to have effect.
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
Where a winding up order is made at a time when there is a supervisor of a voluntary arrangement approved in relation to the company,
supervisor
“supervisor” means the supervisor of the voluntary arrangement referred to in section 17(2);
Insolvency the Court may appoint as liquidator of the company the person who is the supervisor at the time when the winding up order is made.
insolvency
“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
Where the Court makes an appointment under this section, the
Official Receiver does not become the liquidator as otherwise provided by section 114(2), and he has no duty under section 114(5)(a) or (b) in respect of the summoning of the meeting of the company’s creditors or contributories.
company
“company” means a company incorporated or registered under the Companies Act;
Liquidation committees
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
Court
Defined · s 3“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
insolvency
Defined · s 3“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
supervisor
Defined · s 3“supervisor” means the supervisor of the voluntary arrangement referred to in section 17(2);
voluntary arrangement
Defined · s 3“voluntary arrangement” means the voluntary arrangement described in section 8.
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