Section 519 CAMA 2020

Section 519 Companies and Allied Matters Act is about Cessation of administration by Court on application of creditors. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

(1) On the application of a creditor of a company, the Court may provide for the appointment of an administrator of the company to cease to have effect at a specified time.

(2) An application under this section shall allege an improper motive—

(a) in the case of an administrator appointed by administration order, on the part of the applicant for the order ; or

(b) in any other case, on the part of the person who appointed the administrator.

(3) On an application under this section, the Court may—

(a) adjourn the hearing conditionally or unconditionally ;

(b) dismiss the application ;

(c) make an interim order ; or

(d) make any order it considers appropriate, whether in addition to, inconsequence of or instead of the order applied for.