The Water Industry (Special Administration) (England and Wales) Rules 2024 No. 229

PART 5 CLAIMS BY AND DISTRIBUTIONS TO CREDITORS IN ADMINISTRATION: APPLICATION OF PART 14 OF THE 2016 RULES

Administration and winding up: division of unsold assets (rule 14.13)

96.  Rule 14.13 has effect as if—

(a) in paragraph (1), “in an administration or in a winding up of a company (other than a members’ voluntary winding up)” were omitted;

(b) in paragraph (2), for “the required permission” there were substituted “the agreement of the creditors”;

(c) paragraph (3) were omitted.