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Sir
1) directors, creditors and company can appoint administrator with court approval. Right?
2) floating charge holders, company, directors and court can appoint administrator even without court approval. Right?
So, if company and directors may appoint without approval, why have you included them also in the “with approval” list?
So company and directors will not come under court approval for appointing administrator?
Your original premise is incorrect:
“1) directors, creditors and company can appoint administrator with court approval. Right?”
You have interpreted this as meaning that these people can appoint with the permission / approval of the Court
That is not correct! These people are allowed to approach the Court and ask the Court to appoint
As an alternative, the company, its directors or the holders of a floating charge such as a bank or other commercial lender may appoint without any necessity of asking the Court for approval
Neither option is asking the Court for approval / permission
OK?
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