OpenLegislation

Rule 59 Application under section 176A(5) of the 1986 Act to disapply section 176A of the 1986 Act

Original text. Later amendments are not shown.

An application under section 176A(5) of the 1986 Act shall include averments as to–

(a)

the fact that the application arises in the course of an energy administration;

(b)

the financial position of the protected energy company;

(c)

the basis of the energy administrator’s view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits; and

(d)

whether any other insolvency practitioner is acting in relation to the protected energy company and, if so, his address.