SCHEDULE 20 Assistance by Way of Repurchase
Part III Supplementary Provisions
Duty to pay into court in certain cases
16
(1)
The authority shall pay the purchase price into court if, before the execution of the conveyance, written notice is given to them—
(a)
that the vendor, or a person entitled to a charge on the interest to be acquired, so requires either for the purpose of protecting the rights of persons so entitled or for reasons related to the bankruptcy or winding up of the vendor, or
(b)
that steps have been taken to enforce a charge on the interest to be acquired by the bringing of proceedings in a court, by the appointment of a receiver or otherwise.
(2)
Where a payment into court is made by reason only of a notice under this paragraph and the notice is given with reference to proceedings in a specified court (other than the county court), payment shall be made into that court.