THE FIRST GROUP OF PARTS

PART 4 COMPANIES WINDING UP

CHAPTER 20 ORDER OF PAYMENT OF COSTS, ETC., OUT OF ASSETS

4.220 Saving for powers of the court
1 In a winding up by the court, the priorities laid down by Rules 4.218 and 4.219 are subject to the power of the court to make orders under section 156, where the assets are insufficient to satisfy the liabilities.
2 Nothing in those Rules applies to or affects the power of any court, in proceedings by or against the company, to order costs to be paid by the company, or the liquidator; nor do they affect the rights of any person to whom such costs are ordered to be paid.