Insolvency Act · 2022 Revised Edition · Part · Judicial Management
33. Power of Minister to present judicial management petition
Official textFrom Attorney General's Chambers, unchanged
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.
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.
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
The purposes for which a judicial management order may be made on the petition of the Minister are —
such purpose or purposes for the promotion of the public interest as the Minister may specify in his petition;
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.
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;
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
Part