Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 6 · Corporate Insolvency — Receivership
76. Application for directions
Feedback & supportA receiver or manager of the property of a company, or of the property in Singapore of a corporation, may apply to the Court for directions in relation to any matter arising in connection with the performance of the functions of the receiver or manager.
property
“property” includes —(a)money, goods, things in action, land and every description of property, wherever situated; and(b)obligations and every description of interest, whether present or future or vested or contingent, arising out of or incidental to property;
Where the receiver or manager has been appointed to enforce any charge or other security for the benefit of holders of debentures of the company or corporation, any such debenture holder may apply to the Court for directions in relation to any matter arising in connection with the performance of the functions of the receiver or manager.
charge
“charge” has the meaning given by section 4(1) of the Companies Act 1967;
On an application under subsection (1) or (2), the Court may give such directions, or may make such order (whether declaring the rights of persons before the Court or otherwise), as the Court thinks just.