2 pages) Ask a question Insolvency Act 1986 Schedule B1 paragraphs 59, 60 and 69 and Schedule 1. Insolvency Act 1986 sections 395 and 396(2) 37. Railways Act 1986 section 59 and Schedule 6. Insolvency Act 1986 section 393(5) 33. Insolvency Act 1986, Schedule B1, paragraph 43(6). Context . Under this Paragraph an Insolvency Administrator has the power to "do anything necessary or expedient for the management of the affairs, business and property of the company" and may "remove directors" and "appoint directors". Schedule B1 to Insolvency Act 1986, paragraph 40(2) sets out 3 excluded types of winding up petitions: (a) section 124A (public interest), (aa) section 124B (SEs), or (b) section 367 of the Financial Services and Markets Act 2000 (c. 8) (petition by Financial Conduct Authority or Prudential Regulation Authority). Insolvency Act 1986 Schedule B1 paragraph 43 (3) 15. Alaric Watson. of the Insolvency Act 1986 and under Paragraph 47(1) of Schedule B1 of the Insolvency Act 1986. Practical Law Resource ID a-004-6806 (Approx. 5. The issue that the Court had to decide was … Insolvency Act 1986 Schedule B1 paragraph 43 (6) 17. 15. Back to reference of footnote 14; Insolvency Act 1986, Schedule B1, paragraphs 37(3)(a) and 38(2)(a). 4. - Schedule B1 of The Insolvency Act 1986 defines an Administrator's "General Powers" at Paragraph 59 of that Schedule. Strategic Advantage SPC v Tokenhouse VB Limited and others [2020] EWHC 003171 (Ch) is the most recent case in a long line of cases grappling with the consequences of non-compliance of prescribed conditions for the out-of-court appointments of administrators, introduced in September 2003 by Schedule B1 to the Insolvency Act 1986 (Schedule B1). The Insolvency Act 1986 as it will apply to CIOs. The document has no legal effect: the Act is applied, with modifications, by the Charitable Incorporated Organisations (Dissolution and Insolvency) Regulations 2012. 6. Paragraph 44 of Schedule B1 to the Insolvency Act 1986 (IA 1986) follows on from IA 1986, Sch B1, paras 42 and 43 and it is these paragraphs that set out the terms of the moratoria that apply in administrations, either on filing of a notice of intention to appoint administrators (NOI) or on appointment of an administrator. PART 3 - Termination 1. 14. The directors have a period of 14 days in which to submit the Statement of Affairs to me. These provisions do not apply where the company is in voluntary liquidation, nor do they apply if there simply has been the appointment of an administrative receiver. Insolvency Act 1986 schedule B1 paragraphs 8 and 38. Insolvency Act 1986 Schedule B1 paragraph 56 and Insolvency Rules 1986 rule 2.37 (1) 43. Precedent: Application notice for permission to lift the administration moratorium under paragraph 43 of Schedule B1 to the Insolvency Act 1986 • Precedent: Witness statement in support of an application for permission to lift the administration moratorium under paragraph 43 of Schedule B1 to the Insolvency Act 1986. 19. Insolvency Act 1986 Schedule B1 paragraph 81 . It was necessary to then introduce Schedule A1 into The Insolvency Act as the government decided to introduce a second type of Company Voluntary Arrangement (CVA). Insolvency (England & Wales) Rules 2016 & paragraph 78(5)(b) of Schedule B1 to the Insolvency Act 1986. Re T & D Industries plc and another [1999] All ER (D) 1239. 19. The appropriate Court is the Court dealing with the administration of the company – this can be the County Court or the High Court depending upon the amount of share capital. 11. 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