The Insolvency (Amendment) Rules 2010

Substitution of Rule 2.117

100.  For Rule 2.117 (moving from administration to creditors’ voluntary liquidation) substitute—

“2.117A    Moving from administration to creditors’ voluntary liquidation

(1) As soon as reasonably practicable after the day on which the registrar of companies registers the notice of moving from administration to creditors’ voluntary liquidation sent by the administrator for the purposes of paragraph 83(3), the person who at that point ceases to be the administrator must (whether the administrator becomes the liquidator or not) send a final progress report (which must include details of the assets to be dealt with in the liquidation) to the registrar of companies and to all those who received notice of the administrator’s appointment.

(2) For the purposes of paragraph 83(7)(a), a person is nominated by the creditors as liquidator by—

(a) their approval of the statement of the proposed liquidator in the administrator’s proposals or revised proposals, or

(b) their nomination of a different person before their approval of the proposals or revised proposals.

(3) Where the creditors nominate a different person, the nomination must, where applicable, include the declaration required by section 231.”.