Companies Act 2014

F375[Power to apply to relevant court for determination of questions or concerning exercise of powers

558ZAD

558ZAD. (1) Each of the following:

(a) the process adviser appointed in respect of an eligible company;

(b) the directors of an eligible company;

(c) the Director,

may apply to the relevant court to determine any question arising during the rescue period (including any question in relation to any exercise or proposed exercise of any of the powers of the process adviser).

(2) The relevant court, if satisfied that the determination of the question will be just and equitable, may accede wholly or partially to such an application on such terms and conditions as it thinks fit or may make such other order on the application as it thinks just.]

Annotations

Amendments:

F375

Inserted (7.12.2021) by Companies (Rescue Process for Small and Micro Companies) Act 2021 (30/2021), s. 3, S.I. No. 673 of 2021.