Dealings by committee members and others: receivership
This section has no associated Policy Notes
10.26.—(1) This rule applies in a receivership.
(2) Membership of the committee does not prevent a person from dealing with the company provided that a transaction is in good faith and for value.
(3) The court may, on the application of an interested person—
(a)set aside a transaction which appears to it to be contrary to this rule; and
(b)make such other order about the transaction as it thinks just including an order requiring a person to whom this rule applies to account for any profit obtained from the transaction and compensate the company for any resultant loss.