# Insolvency Act 1986, Paragraph 94


(1) Where the administrator was appointed under paragraph 22(2) the directors of the company may replace the administrator.
(2) A replacement under this paragraph may be made only—
(a) with the consent of each person who is the holder of a qualifying floating charge in respect of the company’s property, or
(b) where consent is withheld, with the permission of the court.

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Source: https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1/paragraph/94 (the official version)
Page: https://openlegislation.uk/insolvency-act-1986/schedule-B1/paragraph-94
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.