The Insolvency Rules (Northern Ireland) 1991

Scope of this Part; interpretation

1.01.—(1) This Part applies where, pursuant to Part II of the Order, it is intended to make, and there is made, a proposal to a company and its creditors for a voluntary arrangement.

(2) In this Part—

(a) Chapter 2 applies where the proposal for a voluntary arrangement is made by the directors of the company, and neither is the company in liquidation, nor is an administration order (under Part III of the Order) in force in relation to it;

(b) Chapter 3 applies where the company is in liquidation or an administration order is in force, and the proposal is made by the liquidator or (as the case may be) the administrator, he in either case being the nominee for the purpose of the proposal;

(c) Chapter 4 applies in the same case as Chapter 3, but where the nominee is an insolvency practitioner other than the liquidator or the administrator; and

(d) Chapters 5 and 6 apply in all the 3 cases mentioned in sub-paragraphs (a) to (c).

(3) In Chapters 3, 4 and 5, the liquidator or the administrator is referred to as “the responsible insolvency practitioner”.

[E.R.1.1]