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Article 113 Approval by the creditors’ committeeI1

England and Wales

(1)

Where there is a creditors’ committee, the administrator must summon a meeting of that committee to approve the distribution plan.

(2)

The administrator must send the proposed distribution plan to each member of the creditors’ committee when sending out notice of the meeting.

(3)

The creditors’ committee may approve the distribution plan with or without modification.

Annotations

Commencement

I1

Rule 113 in force at 12.11.2021, see rule 2