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PART 20EXAMINATION OF PERSONS CONCERNED IN BANK INSOLVENCY

Preliminary

241.—(1) The rules in this Part relate to applications to the court for an order under section 236 of the 1986 Act (inquiry into company’s dealings when it is, or is alleged to be, insolvent).

(2) The following definitions apply—

(a)the person in respect of whom an order is applied for is “the respondent”,

(b)“the applicable section” is section 236 of the 1986 Act, and

(c)the bank is “the insolvent”.

Form and contents of application

242.  Apply rule 9.2 of the 1986 Rules(1).

Order for examination, etc.

243.  Apply rule 9.3 of the 1986 Rules.

Procedure for examination

244.  Apply rule 9.4 of the 1986 Rules(2).

Record of examination

245.  Apply rule 9.5 of the 1986 Rules.

Costs of proceedings

246.—(1) Apply rule 9.6 of the 1986 Rules(3).

(2) In paragraph (2)(a) leave out “or 367(1)” and in paragraph (2)(b) leave out “or 367(2)”.

(3) In paragraph (3)(a), for “company insolvency” substitute “bank insolvency”.

(4) Ignore paragraph (3)(b).

(5) Ignore paragraph (5).

(1)

Paragraph (3)(b) was substituted by S.I.1999/1022.

(2)

Paragraph (3) was substituted by S.I. 1999/1022.

(3)

Paragraph (3) was substituted by S.I. 2008/737.