ADVOKS GLOBAL · KENYA
Insolvency Act
585. Duty of administrator to manage affairs and property of company
Edition: 2022-12-31 · In force
585. Duty of administrator to manage affairs and property of company
(1)Subject to subsection (2), the administrator of a company shall manage its affairs and property in accordance with—(b)any revision of those proposals that is made by the administrator and that the administrator does not consider substantial; and(c)any revision of those proposals approved under section 571.(2)If the Court gives directions to the administrator of a company in connection with any aspect of the administrator's management of the company's affairs, business or property, the administrator shall comply with the directions.(3)The Court may give directions under subsection (2) only if—(a)no proposals have been approved under section 570;(c)the Court believes that the directions are required in order to reflect a change in circumstances since the approval of proposals under section 570 or a revision under section 571; or(d)the Court believes the directions are desirable because of a misunderstanding about proposals approved under section 570 or a revision approved under section 571.