# The Insolvency (Northern Ireland) Order 1989, Paragraph 36


(1) This paragraph applies where an administration application in respect of a company—
(a) is made by the holder of a qualifying floating charge in respect of the company's property, and
(b) includes a statement that the application is made in reliance on this paragraph.
(2) The High Court may make an administration order—
(a) whether or not satisfied that the company is or is likely to become unable to pay its debts, but
(b) only if satisfied that the applicant could appoint an administrator under paragraph 15.

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Source: https://www.legislation.gov.uk/nisi/1989/2405/schedule/B1/paragraph/36 (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.