the story so far, page-11

Receivers are appointed by some one owed money and the conditions of that in breach. Removal of receiver is done when the payout is complete or satisfied to the benefit of the appointee.
Administrators are appointed by the Directors of the company when they are in serious financial difficulties.
This was Receiver appointment therefore external to the company board.
Interesting politics of loans and agreements and breaches of conditions involved.
Lew