Rule 17.6 Liquidation committee established by contributories

(1)

This rule applies where, under section 141, the creditors do not decide that a liquidation committee should be established, or decide that a committee should not be established.

(2)

The contributories may decide to appoint one of their number to make application to the court for an order requiring the liquidator to seek a further decision from the creditors on whether to establish a liquidation committee; and—

(a)

the court may, if it thinks that there are special circumstances to justify it, make such an order; and

(b)

the creditors' decision sought by the liquidator in compliance with the order is deemed to have been a decision under section 141.

(3)

If the creditors decide under paragraph (2)(b) not to establish a liquidation committee, the contributories may establish a committee.

(4)

The committee must then consist of at least three, and not more than five, contributories elected by the contributories; and rule 17.5 applies, substituting for the reference to rule 17.3 in rule 17.5(8) a reference to this paragraph.