Code of Organization and Civil Procedure (Cap. 12), article 312I

312I. (1) Where the court decides that the going concern shall continue to be administered until payment of the amount due is effected, it shall appoint an administrator and give such orders and make such provisions which it deems appropriate, taking into consideration the debt, nature and value of the going concern. (2) The appointed administrator shall take control of the going concern and he shall have the right to sell and carry on trade in its day to day business, provided that with regard to any decision of an extraordinary nature he shall be bound to demand the court for its authorisation: Provided that a commercial bank cannot be appointed as administrator. Demand for the sale of the going concern. Added by: XIV.2006.17. Re-numbered and amended by: VII.2007.30.