249 Discharge and variation of administration order

(1) The Court shall not discharge an administration order unless it appears to
the Court that —
administration order

(a) the purpose for which the order was made has been achieved or
is incapable of achievement; or

(b) it would otherwise be desirable or expedient to discharge the
order.

(2) The Court, on hearing an application for the discharge of variation of an
administration order, may make any interim order or adjourn the hearing,
conditionally or unconditionally.

(3) Upon discharging an administration order, the Court may direct —

(a) where the administration order was made in respect of a protected
cell company, that any payment made by the administrator to any
creditor of the company shall be deemed full satisfaction of the
liabilities of the company to that creditor and the creditor‘s
claims against the company shall be thereby deemed
extinguished;

(b) where the administration order was made in respect of a cell, that
any payment made by the administrator to any creditor of the
company in respect of that cell shall be deemed full satisfaction
of the liabilities of the company to that creditor in respect of that
cell and the creditor‘s claims against the company in respect of
that cell shall thereby be deemed extinguished.

(4) Nothing in subsection (3) shall operate so as to affect or extinguish any
right or remedy of a creditor against any other person, including any
surety of the protected cell company.