Prospective
Right of attendance (company insolvency)E+W
7.53.—(1) Subject as follows, in company insolvency proceedings any person stating himself in writing, in records kept by the court for that purpose, to be a creditor or member of the company or, where the company is being wound up, a contributory, is entitled, at his own cost, to attend in court or in chambers at any stage of the proceedings.
(2) Attendance may be by the person himself, or his solicitor.
(3) A person so entitled may request the court in writing to give him notice of any step in the proceedings; and, subject to his paying the costs involved and keeping the court informed as to his address, the court shall comply with the request.
(4) If the court is satisfied that the exercise by a person of his rights under this Rule has given rise to costs for the insolvent estate which would not otherwise have been incurred and ought not, in the circumstances, to fall on that estate, it may direct that the costs be paid by the person concerned, to an amount specified.
The person's rights under this Rule are in abeyance so long as those costs are not paid.
(5) The court may appoint one or more persons to represent the creditors, the members or the contributories of an insolvent company, or any class of them, to have the rights conferred by this Rule, instead of the rights being exercisable by any or all of them individually.
If two or more persons are appointed under this paragraph to represent the same interest they must (if at all) instruct the same solicitor.
Commencement Information
I1Rule 7.53 in force at 29.12.1986, see rule 0.1