Section 239ADS — Companies Act 1993: Court may supervise administrator or deed administrator

239ADS Court may supervise administrator or deed administrator (1) The Court may make any order it thinks just if it is satisfied that— (a) the administrator's or the deed administrator's management of the company's business, property, or affairs is prejudicial to the interests of some or all of the company's creditors or shareholders; or (b) the administrator's or deed administrator's conduct or proposed conduct has been or is or will be prejudicial to those interests. (2) An application for an order under this section may be made by— (a) a creditor or shareholder of the company in question; or (b) the Registrar. Compare: Corporations Act 2001 (Australia) s 447E(1) Section 239ADS: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).