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Section 217: Remuneration of administrator

Insolvency Act · PART III: WINDING UP AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

217. Remuneration of administrator (1) An administrator is entitled to charge reasonable remuneration for carrying out his duties and exercising his powers as administrator. (2) The Court may, on the application of an administrator, an officer of the company, a creditor or a shareholder, review or fix the administrator’s remuneration at a level that is reasonable in the circumstances. (3) A creditor or shareholder may make an application under subsection (2) only with the leave of the Court.

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