# Insolvency Act 1986, Paragraph 36: Intervention by holder of floating charge


(1) This paragraph applies where—
(a) an administration application in respect of a company is made by a person who is not the holder of a qualifying floating charge in respect of the company’s property, and
(b) the holder of a qualifying floating charge in respect of the company’s property applies to the court to have a specified person appointed as administrator (and not the person specified by the administration applicant).
(2) The court shall grant an application under sub-paragraph (1)(b) unless the court thinks it right to refuse the application because of the particular circumstances of the case.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1/paragraph/36 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-B1/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.