Article 13 Insertion of new Rule 4.125A

After Rule 4.125 there is inserted—

“Rule as to reporting

4.125A

(1)

The court may, on the liquidator or official receiver’s application, relieve him of any duty imposed on him by Rule 4.124 or 4.125, or authorise him to carry out the duty in a way other than there required.

(2)

In considering whether to act under this Rule, the court shall have regard to the cost of carrying out the duty, to the amount of the assets available, and to the extent of the interest of creditors or contributories, or any particular class of them.”.