Section 553 of Insolvency Act CAP 53: Power of the Court to order person invalidly appointed to be indemnified against liability
(1) If—
(a) a person purports to appoint an administrator under section 541; and
(b) the appointment is discovered to be invalid, any person who appears to the Court to have a legitimate interest in the matter may apply to the Court for an order under subsection (2).
(2) On the hearing of an application made under subsection (1), the Court may order the person who purported to make the appointment to indemnify the person appointed against liability that is solely attributable to the appointment's invalidity.
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The administrator of a company has the functions and powers specified in the Fourth Schedule.
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(2) A...
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