Section 239AER — Companies Act 1993: Court may order single administration for related companies in administration

239AER Court may order single administration for related companies in administration (1) If 2 or more related companies are in administration, the Court may, if it is satisfied that it is just and equitable, order that the administration in respect of each company must proceed together as if they were 1 company to the extent that the Court orders and subject to the terms and conditions that the Court imposes. (2) An application under subsection (1) may be made by the administrator or a creditor of any of the companies in administration. (3) Notwithstanding anything in this Part, the Court may, on first making the order and otherwise from time to time, make any other order, or give any direction to facilitate giving effect to an order, under subsection (1) as it sees fit. (4) The fact that creditors of the company in administration relied on the fact that another company was, or is, related to it is not a ground for making an order under this section. Compare: 1993 No 105 s 271(b) Section 239AER: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).