Schedule 16, paragraph 103(5)

Where a company entered administration by virtue of an appointment under paragraph 22(2), an appointment under sub-paragraph (1) must be made either by the court on the application of the person or persons acting as the administrator of the company or— by the directors of the company, and with the consent of each person who is the holder of a qualifying floating charge in respect of the company’s property or, where consent is withheld, with the permission of the court.

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