Rule 30 Decision making

(1)

Where the T&S administrator seeks a decision from the creditors on any issue, Chapters 2, 3, 6, 7, 8, 9 and 11 of Part 15 and Part 16 of the Insolvency Rules apply, as they apply to administration—

(a)

with the modifications set out in paragraph (2), and

(b)

subject to paragraph (3).

(2)

The modifications are—

(a)

for “administration”, in each place, substitute “T&S administration”;

(b)

for “administrator”, in each place, substitute “T&S administrator”;

(c)

for “company”, in each place, substitute “T&S company”;

(d)

for “convener”, in each place, substitute “T&S administrator”;

(e)

in rule 15.8, the reference to rule 14.31(1) is a reference to rule 70 of these Rules;

(f)

the following is substituted for rule 15.21—

“15.21.

(1)

The chair of the meeting must be either the T&S administrator or a person nominated by the T&S administrator in writing to be chair.

(2)

A person may only be nominated under paragraph (1) if the person—

(a)

is qualified to act as an insolvency practitioner (within the meaning of Part 13 of the Act) in relation to the T&S company, or

(b)

is an employee of the T&S administrator or the T&S administrator’s firm who is experienced in insolvency matters.”;

(g)

in rule 15.31, the reference to rule 14.24 is a reference to rule 55 of these Rules;

(h)

in rule 16.6 the reference to rule 1.58 is a reference to rule 177 of these Rules.

(3)

In the application of Part 15 of the Insolvency Rules to a decision sought by the T&S administrator in a T&S administration, rules 15.16, 15.24, 15.28(6) and 15.29 do not apply.