Rule 42 Amendment of Part 11I1

In paragraph (1), after “practitioner shall” insert “subject to paragraphs (6) and (7)”.

After paragraph (5) insert—

“(6)

Paragraph (7) applies where the responsible insolvency practitioner declares a dividend which is only for one or both of the following—

(a)

preferential creditors, or

(b)

creditors in respect of a debt which is a moratorium debt or priority pre-moratorium debt within the meaning given by Article 148A.

(7)

Where this paragraph applies the notice under paragraph (1) need only be delivered to those creditors referred to in sub-paragraph (6)(a) or (b) (as the case may be) who have proved for their debts.”.