PART 7WINDING UP BY THE COURT
CHAPTER 8The liquidator
Invitation to creditors and contributories to form a liquidation committee7
1
Where a decision is sought from the company's creditors and contributories on the appointment of a liquidator, the convener of the decision must at the same time deliver to the creditors and contributories a notice inviting them to decide whether a liquidation committee should be established if sufficient creditors are willing to be members of the committee.
2
The notice must also invite nominations for membership of the committee, such nominations to be received by a date specified in the notice.
3
The notice must—
a
state that nominations must be delivered to the convener by the specified date;
b
state, in the case of creditors, that nominations can only be accepted if the convener is satisfied as to the creditors' eligibility under rule 17.4; and
c
explain the effect of section 141(2) and (3) M1 on whether a committee is to be established under Part 17.