Rule 14.15 Secured creditor: value of securityC1

being the applicant for the administration order or the appointer of the administrator, has in the application or the notice of appointment put a value on the security;

being the petitioner in winding-up or bankruptcy proceedings, has put a value on the security in the petition; or

has voted in respect of the unsecured balance of the debt.

the secured creditor may re-value the security only with the agreement of the office-holder or the permission of the court; and

where the revaluation was by agreement, the office-holder must deliver a notice of the revaluation to the creditors within five business days after the office-holder's agreement.