Insolvency Act

557. Power of liquidator of company to make an application for its administration

Edition: 2022-12-31 · In force

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557. Power of liquidator of company to make an application for its administration

(1)The liquidator of a company may make an application to the Court for an administration order under subsection (2).

(2)If the Court makes an administration order on the hearing of an application made under subsection (1), the Court—

(a)shall discharge any liquidation order existing in respect of the company;

(b)may make such other provision of a consequential nature as it considers appropriate; and

(c)shall specify which of the powers under this Part are to be exercisable by the administrator.

(3)If the Court specifies the powers under this Part that are to be exercisable by the administrator, this Part has, in relation to the exercise of those powers, effect with such modifications as the Court may specify.

Division 7 — Effect of administration orders

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Source: Kenya Law