227B. Power of Court to make a judicial management order and appoint a judicial manager

Question 1

227B. Power of Court to make a judicial management order and appoint a judicial manager

Answer 1

General overview
[227B.01] An applicant has first to satisfy the conditions laid down in s 227A. However, before the court makes an order for the company to be placed under judicial management, it has to be satisfied that the conditions set out in s 227B(1)(a) and (b)(i), (ii) or (iii) are met.