Rule 17.4 Eligibility for membership of creditors' or liquidation committee
(1)
This rule applies to a creditors' committee in an administration, an administrative receivership, and a bankruptcy and to a liquidation committee in a creditors' voluntary winding up and a winding up by the court.
(2)
A creditor is eligible to be a member of such a committee if—
(a)
the person has proved for a debt;
(b)
the debt is not fully secured; and
(c)
neither of the following apply—
(i)
the proof has been wholly disallowed for voting purposes, or
(ii)
the proof has been wholly rejected for the purpose of distribution or dividend.
(3)
No person can be a member as both a creditor and a contributory.
(4)
A body corporate may be a member of a creditors' committee, but it cannot act otherwise than by a representative appointed under rule 17.17.