Scope and interpretation
This section has no associated Explanatory Memorandum
17.1.—(1) This Part applies to the establishment and operation of—
(a)a creditors’ committee in an administration;
(b)a creditors’ committee in an administrative receivership;
(c)a liquidation committee in a creditors’ voluntary winding up;
(d)a liquidation committee in a winding up by the court; and
(e)a creditors’ committee in a bankruptcy.
(2) In this Part—
“contributory member” means a member of a liquidation committee appointed by the contributories; and
“creditor member” means a member of a liquidation committee appointed by the creditors.