OpenLegislation

Rule 4.210 Termination of appointmentI1

England and Wales

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

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)
(1)

The special manager's appointment terminates if the winding-up petition is dismissed or if, a provisional liquidator having been appointed, the latter is discharged without a winding-up order having been made. (NO CVL APPLICATION)

(2)

If the liquidator is of opinion that the employment of the special manager is no longer necessary or profitable for the company, he shall apply to the court for directions, and the court may order the special manager's appointment to be terminated.

(3)

The liquidator shall make the same application if a resolution of the creditors is passed, requesting that the appointment be terminated.

Annotations

Commencement

I1

Rule 4.210 in force at 29.12.1986, see rule 0.1