241 Applications for receivership orders

(1) An application for a receivership order in respect of a cell of a protected

cell company may be made by —


(a) the company;

(b) the directors of the company;

(c) any creditor of the company in respect of that cell;

(d) any holder of cell shares in respect of that cell;

(e) the administrator of that cell; or

(f) the Authority.

(2) The Court, on hearing an application —

(a) for a receivership order; or

(b) for leave, pursuant to section 240(5), for a resolution for
voluntary winding up,

may make an interim order or adjourn the hearing, conditionally or
unconditionally.


(3) Notice of an application to the Court for a receivership order in respect
of a cell of a protected cell company shall be served upon —

(a) the company;

(b) the administrator (if any) of the cell;

(c) the Authority; and

(d) such other persons (if any) as the Court may direct,

who shall each be given an opportunity of making representations to the
Court before the order is made.