The Insolvency (England and Wales) Rules 2016

Invitation to creditors and contributories to form a liquidation committeeE+W

This section has no associated Explanatory Memorandum

7.55.—(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.

Marginal Citations

M1Section 141(2) and (3) are substituted by paragraph 36 of Schedule 9 to the Small Business, Enterprise and Employment Act 2015 (c.26).