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Rule 116 Membership of committee

Original text. Later amendments are not shown.

(1)

Apply rule 4.160 of the 1991 Rules.

(2)

For paragraph (1) substitute—

“(1)

Subject to rule 42(2) and (5) of the 2014 Rules, rule 4.162, as applied by rule 118 of the 2014 Rules, and rule 4.179, as applied by rule 134 of the 2014 Rules, the liquidation committee shall consist of either three or five creditors of the company, elected by the meeting of creditors held under rule 42 of those Rules.”.

(3)

Omit paragraphs (2), (4) and (7).