Schedule B1, paragraph 55

This paragraph applies where an administrator— reports to the court under paragraph 53 that a company's creditors have failed to approve the administrator's proposals, or reports to the court under paragraph 54 that a company's creditors have failed to approve a revision of the administrator's proposals. The court may— provide that the appointment of an administrator shall cease to have effect from a specified time; adjourn the hearing conditionally or unconditionally; make an interim order; make an order on a petition for winding up suspended by virtue of paragraph 40(1)(b); make any other order (including an order making consequential provision) that the court thinks appropriate.

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Source: legislation.gov.uk · retrieved 2026-09-04