Rule 97 Application under section 176A(5) of the 1986 Act to disapply section 176A of the 1986 ActI1
England and Wales
(1)
An application under section 176A(5) of the 1986 Act shall be accompanied by a witness statement by the postal administrator.
(2)
The witness statement shall state—
(a)
that the application arises in the course of a postal administration under the 2011 Act;
(b)
a summary of the financial position of the company;
(c)
the information substantiating the postal administrator’s view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits; and
(d)
whether any other postal administrator is acting in relation to the company and if so their address.