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Amendment of Part 15 of the Insolvency Rules
This section has no associated Explanatory Memorandum
71. After rule 15.23 insert—
“Adjournment of meeting in, or for the purposes of, a moratorium under Part A1 of the Act
15.23A.—(1) This rule applies where a meeting is for the purpose of a decision procedure in respect of a moratorium under Part A1 of the Act.
(2) Where this rule applies the chair may, (and must if it is so resolved), adjourn a meeting.
(3) A meeting may be adjourned under this rule on more than one occasion.
(4) An adjournment under this rule—
(a)must not be—
(i)for a period which is more than 14 days, or
(ii)to a date which is more than 14 days after the first day on which the meeting was held, and
(b)where a meeting is for the purpose of seeking a decision of creditors to a revised end date for a moratorium under section A11, must be to a date which is before the end of the moratorium().
(5) This rule is subject to any direction of the court.”.
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