SCHEDULES
SCHEDULE 8Moratoriums in Northern Ireland: temporary provision
PART 3Temporary rules
42Challenge to monitor’s remuneration
1
An administrator or liquidator of a company may apply to the High Court on the ground that remuneration charged by the monitor in relation to a prior moratorium for the company under Part 1A of the Insolvency (Northern Ireland) Order 1989 was excessive.
2
An application under this paragraph may not be made after the end of the period of 2 years beginning with the day after the moratorium ends.
3
On an application under this paragraph the Court may—
a
dismiss the application,
b
order the monitor to repay some or all of the remuneration, or
c
make such other order as it thinks fit.
4
The costs of an application under this paragraph are, unless the Court orders otherwise, to be paid as an expense of the administration or liquidation.