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3.6.—(1) Chapter 7 of Part 4 (The liquidation committee) shall apply with regard to the creditors' committee in the receivership and its members as it applies to the liquidation committee and the creditor members thereof, subject to the modifications specified below and to any other necessary modifications.[Form 4.20 (Scot)] [Form 4.22 (Scot)]
(2) For any reference in the said Chapter 7 to -
(a)the liquidator or the liquidation committee, there shall be substituted a reference to the receiver or to the creditors' committee;
(b)to the creditor member, there shall be substituted a reference to a creditor,
and any reference to a contributory member shall be disregarded.
(3) In Rule 4.42(3) and 4.52(2), for the reference to Rule 4.41(1), there shall be substituted a reference to Rule 3.4(1).
(4) In Rule 4.57,
(a)for the reference to an expense of the liquidation, there shall be substituted a reference to an expense of the receivership;
(b)at the end of that Rule there shall be inserted the following:-
“This does not apply to any meeting of the committee held within 3 months of a previous meeting, unless the meeting in question is summoned at the instance of the receiver.”.
(5) The following Rules shall not apply, namely -
Rules 4.40, 4.41, 4.43 to 4.44, 4.53, 4.56, 4.58 and 4.59.
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