Rule 2.66 F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

rule 2.66-2.105 applied (with modifications) by Bank Administration 2009 rule 58 59 60 61 Table
rule 2.66 2.67 applied (with modifications) by Building Society Special Administration 2010 rule 60 61 62 63 Table
rule 2.66(5) substituted by Insolvency 2010 Sch. 1 para. 75(2)
rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)

(1)

The following applies where the administrator applies to the court under paragraphs 71 or 72 for authority to dispose of property of the company which is subject to a security (other than a floating charge), or goods in the possession of the company under a hire purchase agreement.

(2)

The court shall fix a venue for the hearing of the application, and the administrator shall as soon as reasonably practicable give notice of the venue to the person who is the holder of the security or, as the case may be, the owner under the agreement.

(3)

If an order is made under paragraphs 71 or 72 the court shall send two sealed copies to the administrator.

(4)

The administrator shall send one of them to that person who is the holder of the security or owner under the agreement.

(5)

The administrator shall send a Form [FORM 3.4]2.28B to the registrar of companies with a copy of the sealed order.

Annotations

Textual amendments

F1: Pt. 2 substituted (15.9.2003) by The Insolvency (Amendment) Rules 2003 (S.I. 2003/1730), rule 1(2), Sch. 1 para. 9 (with rule 5(2)-(4))