administration order


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administration order

n
1. (Law) an order by a court appointing a person to manage a company that is in financial difficulty, in an attempt to ensure the survival of the company or achieve the best realization of its assets
2. (Law) an order by a court for the administration of the estate of a debtor who has been ordered by the court to pay money that he owes
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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Mr Kahi had termed the actions of the applicants to be in breach of provisions of Section 430 of the Insolvency Act, a court order and purpose of the administration.Nakumatt had also argued that the environment and land court lacked jurisdiction to hear the case in the circumstances of both the insolvency petition and administration order concurrently.
The Citizens told reporter that the district administration order shifting of all the motorcycle show rooms from the old Ghalla Market (Grain Market) to Station Road, the orders were subsequently implemented by most of the owners, however many of them failed to shift their businesses as they were allegedly supported by influential peoples.
It was in March 2015 that owner Don Leisure Limited confirmed its decision to seek an administration order due to a loss in trade.
It was in March 2015 that owners Don Leisure Limited confirmed their decision to seek an administration order due to a substantial loss in trade.
The province is also nearing agreements that will allow it to lift the administration order on the northern authority, which the province took over more than a year ago.
Coventry and owners SISU find themselves in the High Court in London battling against the threat of an administration order, with the application having come from Arena Coventry Limited (ACL), who manage the Ricoh Arena on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council.
A statement said: "An application for an administration order has been made to the High Court in Birmingham today (Tuesday) to appoint Bob Young, Steve Currie and Gerald Krasner of Begbies Traynor as joint administrators of Port Vale (Valiant 2001) Football Club Ltd from Friday 9th March 2012."
As a result of the administration order with respect to PRML, the USD1.6bn aggregate principal amount of outstanding senior notes of Petroplus Finance Ltd have accelerated, the company said.
But Record Sport understands the final payment of about pounds 200,000 was not paid and on July 29 the taxman lodged a petition for an administration order at the Court of Session.
ORDER AGAINST E-CLEAR A High Court judge granted an administration order Tuesday against Cypriot owned E-Clear, the company which dealt with the online ticket sales of collapsed travel firm Globespan.

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