SCHEDULES
SCHEDULE 8TRANSITIONAL PROVISIONS AND SAVINGS
PART ICOMPANY INSOLVENCY AND WINDING UP
Provisions relating to liquidator
5
1
This paragraph applies as regards the liquidator in the case of a winding up by the High Court commenced, or treated as having commenced, before the commencement date.
2
The official receiver may, at any time when he is liquidator of the company, apply to the Department for the appointment of a liquidator in his (the official receiver's) place; and on any such application the Department shall either make an appointment or decline to make one.
3
Where immediately before the appointed day the liquidator of the company has not made an application under Article 506 of F1the Companies (Northern Ireland) Order 1986 (release of liquidators), then—
a
except where the Department otherwise directs, Articles 124(1) and (2) and 146(7) of this Order apply, and Article 508 of F2the Companies (Northern Ireland) Order 1986 does not apply, in relation to any liquidator of that company who holds office on or at any time after the commencement date and is not the official receiver;
b
Article 124(3) of this Order applies in relation to the carrying out at any time after that date by any liquidator of the company of any of his functions; and
c
a liquidator in relation to whom Article 146(7) of this Order has effect by virtue of this paragraph has his release with effect from the time specified in Article 148(4)(d) of this Order.
4
Paragraph (6) of Article 148 of this Order has effect for the purposes of sub‐paragraph (3)(c) as it has for the purposes of that Article, but as if the reference to Article 176 were to Article 584 of F3the Companies (Northern Ireland) Order 1986.