Section 611 of Insolvency Act CAP 53: Power of the Court to replace administrator in certain other circumstances
(1) The Court may make an order replacing an administrator on the application of a person by whom an application is made under section 607(1) if the Court—
(a) is satisfied that a relevant person is not taking reasonable steps to make a replacement; or (b) that for another reason it is right for the Court to make the replacement.
(2) In subsection (1), a relevant person is a person who is entitled to replace the administrator under any of sections 608 to 610.
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- Section 612 - Court may replace administrator when there is a competing floating charge-holder
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(1) A creditors' meeting may replace an administrator of a company if—
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(1) If the appointment of a person as the administrator of a company ends (for whatever reason), the administrator is discharged from liability in respect of all acts done or omitted to be done as...
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(1) This section applies if a person’s appointment as the administrator of a company has ended for whatever reason.
(2) In this section—
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- Section 617 - Offences committed by joint administrators
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- Section 619 - Power to appoint administrators to act concurrently
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(2) If a...
- Section 620 - Presumption of validity of acts of administrator
An act of the administrator of a company is valid even if the administrator's appointment or qualification is subsequently found to be defective.
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- Section 623 - Certain specified period can be varied by consent
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(2) In subsection (1), "consent" means—
(a) the consent of each secured...
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In this Division—
"prescribed publication", in relation to a company, means—
(a) a newspaper circulating in the area in which the company carries on business;
(b) the company's website (if any);...
- Section 625 - Proposal for voluntary arrangement
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- Section 626 - Procedure if provisional supervisor is not the liquidator or administrator
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- Section 627 - Provisional supervisor to convene meetings of company and of its creditors
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- Section 628 - Conduct of meetings of company and its creditors
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- Section 632 - Offences involving false representations and fraudulent acts by company officers
(1) An officer of a company who—
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- Section 633 - Implementation of approved voluntary arrangement
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- Section 634 - Prosecution of delinquent officers of company
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- Section 636 - Interpretation: Part 2
(1) In this Part—
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- Section 638 - Eligible companies
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- Section 639 - Banking and insurance companies ineligible to obtain moratorium
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- Section 640 - Companies under administration, etc., ineligible to obtain moratorium
(1) The following companies are also ineligible companies for the purpose of section 638—
(a) a company that is under administration;
(b) a company that is in liquidation;
(c) a company in respect...
- Section 641 - Certain projects companies ineligible
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- Section 643 - What steps company's directors have to take to obtain a moratorium
(1) Deleted by Act No. 1 of 2021
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- Section 645 - Duration of moratorium
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- Section 646 - What happens when moratorium takes effect
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- Section 647 - Duty of monitor to publish and give notice that moratorium has taken effect
(1) As soon as practicable after being notified that a moratorium has taken effect, the monitor shall— (a) publish—
(i) once in the Gazette;
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(1) Within fourteen days after a moratorium has come to an end, the monitor shall— (a) publish—
(i) once in the Gazette;
(ii) once in at least two newspapers circulating in area in which the company...
- Section 649 - Effect of moratorium on creditors and others
(1) While a moratorium has effect in respect of a company—
(a) an application for liquidation of the company may not be made; (b) a meeting of the company may be convened or requisitioned—
(i) only...
- Section 651 - Security not to be enforced unless it would benefit the company
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- Section 652 - Application of sections 653 to 657 to company in respect of which a moratorium has effect
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- Section 654 - Restrictions on company obtaining credit during moratorium
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- Section 655 - Restrictions on disposal of property and making payments by company
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- Section 656 - Restriction on company paying debts and other liabilities
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(1) This section applies to—
(a) property of the company that is subject to a security; and
(b) goods that are in the possession of the company under a credit purchase transaction.
(2) A company...
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- Section 659 - Withdrawal of monitor's consent to act
(1) Except with the approval of the Court, a provisional supervisor may withdraw consent to monitor a moratorium only if, during the moratorium—
(a) the monitor concludes that the company will not...
- Section 660 - Creditors and others may challenge monitor's conduct during moratorium by application made to the Court
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- Section 661 - Creditor may pursue claim against monitor for loss
(1) If there are reasonable grounds for believing that—
(a) as a result of any act, omission or decision of the monitor during the moratorium, the company has sustained loss; and
(b) the company...
- Section 662 - Replacement of monitor by the Court
(1) An application may be made to the Court for an order under subsection (2)—
(a) if the monitor has failed to comply with any duty imposed on that monitor under this Part or has died, by the...
- Section 669 - Extension of moratorium
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