# Insolvency Act 1986, Paragraph 80: Termination of administration where objective achieved

Extent: E+W+S

(1) This paragraph applies where an administrator of a company is appointed under paragraph 14 or 22.
(2) If the administrator thinks that the purpose of administration has been sufficiently achieved in relation to the company he may file a notice in the prescribed form—
(a) with the court, and
(b) with the registrar of companies.
(3) The administrator’s appointment shall cease to have effect when the requirements of sub-paragraph (2) are satisfied.
(4) Where the administrator files a notice he shall within the prescribed period send a copy to every creditor of the company , other than an opted-out creditor, of whose claim and address he is aware.
(5) The rules may provide that the administrator is taken to have complied with sub-paragraph (4) if before the end of the prescribed period he publishes in the prescribed manner a notice undertaking to provide a copy of the notice under sub-paragraph (2) to any creditor of the company who applies in writing to a specified address.
(6) An administrator who fails without reasonable excuse to comply with sub-paragraph (4) commits an offence.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1/paragraph/80 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-B1/paragraph-80
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.