Section 239ABV — Companies Act 1993: Court may adjourn application for liquidation

239ABV Court may adjourn application for liquidation The Court may adjourn an application under section 241(2)(c) for the appointment of a liquidator of a company in administration if the Court is satisfied that it is in the interests of the company's creditors for the company to continue in administration rather than be placed in liquidation. Compare: Corporations Act 2001 (Australia) s 440A(2) Section 239ABV: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).