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Rule 4.125A Rule as to reportingF1

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

(1)

The court may, on the liquidator or official receiver’s application, relieve him of any duty imposed on him by Rule 4.124 or 4.125, or authorise him to carry out the duty in a way other than there required.

(2)

In considering whether to act under this Rule, the court shall have regard to the cost of carrying out the duty, to the amount of the assets available, and to the extent of the interest of creditors or contributories, or any particular class of them.

Annotations

Textual amendments

F1

Rule 4.125A inserted (1.4.2004) by The Insolvency (Amendment) Rules 2004 (S.I. 2004/584), rule 1(2), 13