administration order

administration order
Under Part II of the Insolvency Act 1986, an administrator is appointed under Court order. He takes control of the company's affairs to achieve the primary purpose of allowing the company to recover from its financial difficulties and to be reorganised to ensure the most profitable realisation of the company's assets.

Easyform Glossary of Law Terms. — UK law terms.


administration order

Collins dictionary of law. . 2001.

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