Ultimate Invoice Finance Ltd, petitioner

Insolvency – Administration – Administration application where company in liquidation. Court of Session: In an application in which the petitioner sought the appointment of an administrator in respect of a company where a provisional liquidator had already been appointed by the sheriff court, the court examined the provisions governing appointment of an administrator where a company was in liquidation and the interaction between the administration order sought and the liquidation proceedings, concluding that the requirements for the appointment of an administrator were met and that that form of insolvency procedure was preferable to a liquidation, and that it had jurisdiction to reserve meantime in the administration proceedings the release of the provisional liquidator and her expenses and remuneration.

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