403. Effect of appointment of administrator

no resolution may be passed or order made for the liquidation of the company ;

subject to the provisions of subsection (2) of section 402, no steps be taken to enforce any security over any property of the company or to repossess any goods in the company’s use or possession under any hire-purchase agreement, except with the consent of the administrator or with the leave of the court and subject to such terms as the court may impose ;

no other proceedings and no execution or other legal process may be commenced or continued and no distress may be levied against the company or its property, except with the consent of the administrator or with the leave of the court and subject to such terms as the court may impose.

filing a petition to wind up the company ; or

giving notice in relation to a default under a charge over property of the company or under an agreement relating to property in the use, possession or occupation of the company.