{
  "url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-56",
  "json_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-56.json",
  "legislation": "nisi/1989/2405",
  "legislation_title": "The Insolvency (Northern Ireland) Order 1989",
  "legislation_url": "https://openlegislation.uk/insolvency-northern-ireland-order-1989",
  "path": "schedule/B1/paragraph/56",
  "kind": "paragraph",
  "number": "56",
  "heading": null,
  "text": "(1) This paragraph applies where an administrator reports to the High Court that—\n(a) an initial creditors' meeting has failed to approve the administrator's proposals presented to it, or\n(b) a creditors' meeting has failed to approve a revision of the administrator's proposals presented to it.\n(2) The Court may—\n(a) provide that the appointment of an administrator shall cease to have effect from a specified time;\n(b) adjourn the hearing conditionally or unconditionally;\n(c) make an interim order;\n(d) make an order on a petition for winding up suspended by virtue of paragraph 41(1)(b);\n(e) make any other order (including an order making consequential provision) that the Court thinks appropriate.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. B1 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 2A para. 6 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 2)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Sch. B1 para. 56 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "Sch. B1 para. 56 excluded (4.1.2024) by S.I. 2021/716, reg. 38(6) (as substituted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 13)"
    },
    {
      "type": "C",
      "label": "C4",
      "text": "Sch. B1 para. 56 applied (4.1.2024) by S.I. 2021/716, reg. 41(2) (as amended by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 15)"
    }
  ],
  "outstanding_effects": [
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    {
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      "type": "substituted for Sch. B1 para. 99(2)(3)",
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1989/2405/schedule/B1/paragraph/56",
    "retrieved_at": "2026-10-29T04:47:04.938020+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}