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There are currently no known outstanding effects for the The Insolvency (Scotland) (Receivership and Winding up) Rules 2018, Section 7.
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7.8.—(1) Subject to paragraph (2), the liquidator's progress report in a winding up by the court must cover the periods of—
(a)12 months starting on the date on which the liquidator (including an interim liquidator) is appointed; and
(b)each subsequent period of 12 months.
(2) Where a provisional liquidator is appointed under section 135, the liquidator's progress report must cover the periods of—
(a)12 months starting on the date on which the provisional liquidator is appointed; and
(b)each subsequent period of 12 months.
(3) The periods for which progress reports are required under paragraphs (1) and (2) are unaffected by—
(a)recall of the appointment of a provisional liquidator (prior to a winding up order being made);
(b)termination of the appointment of a provisional liquidator and appointment of a liquidator (including an interim liquidator) on the making of a winding up order;
(c)any change in the provisional liquidator or liquidator.
(4) Where a liquidator ceases to act the succeeding liquidator must as soon as reasonably practicable after being appointed, deliver a notice to the creditors of any matters about which the succeeding liquidator thinks the creditors should be informed.
(5) A progress report is not required for any period which ends after the date to which a final account or report is made up under section 146 M1 and is delivered by the liquidator to the creditors.
(6) The liquidator must deliver a copy of each progress report within 6 weeks after the end of the period covered by the report (or after the date on which the liquidator is appointed, whichever is the later) to—
(a)AiB;
(b)the members; and
(c)the creditors.
Marginal Citations
M1A new section 146 is prospectively substituted by paragraph 38 of schedule 9 of the 2015 Act.
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