Rule 52 Moving from administration to creditors’ voluntary winding up (paragraph 83 of Schedule B1) (rule 3.60)

in paragraph (2)(b), there were omitted “the appointment or” and “, as the case may be”;

for paragraph (6) there were substituted—

“(6)

For the purposes of paragraph 83(7)(a) of Schedule B1—

(a)

a person is nominated by the creditors as liquidator by—

(i)

their approval of the statement of the proposed liquidator in the special administrator’s proposals or revised proposals; or

(ii)

their nomination of a different person, through a decision procedure under rules 3.35(1)(j)(ii)(cc) and 3.42A;

(b)

the creditors’ approval is deemed to have been given under sub-paragraph (a)(i) where no decision procedure is sought under rules 3.35(1)(j)(ii)(cc) and 3.42A.”;

after paragraph (7), there were inserted—

“(8)

The Water Services Regulation Authority must notify the relevant authority before consenting to the special administrator delivering to the registrar of companies a notice of moving from special administration to creditors’ voluntary liquidation.”.