The Insolvency (Scotland) (Receivership and Winding up) Rules 2018

CHAPTER 11Records

Record of a decision

8.40.—(1) Where a decision is sought using a decision procedure, the convener or chair must make a record of the decision procedure.

(2) In the case of a meeting, the record must be in the form of a minute of the meeting.

(3) The record must be authenticated by the convener or chair and must include—

(a)identification details for the insolvency proceedings;

(b)in the case of a decision procedure of creditors, a list of the names of the creditors who participated and their claims;

(c)in the case of a decision procedure of contributories, a list of the names of the contributories who participated;

(d)where a decision is taken on the election of members of a creditors’ committee or liquidation committee, the names and addresses of those elected;

(e)a record of any change to the result of the resolution made under rule 8.38(6) and the reason for any such change; and

(f)in any case, a record of every decision made and how creditors voted.

(4) Where a decision is sought using the deemed consent procedure, the convener must make a record of the procedure.

(5) The record under paragraph (4) must be authenticated by the convener and must—

(a)identify the proceedings;

(b)state whether or not the decision was taken; and

(c)contain a list of the creditors or contributories who objected to the decision, and in the case of creditors, their claims.

(6) A record under this rule must also identify any decision procedure (or the deemed consent procedure) by which the decision had previously been sought.