4.155.—(1) Subject as follows, it is the duty of the liquidator to report to the members of the liquidation committee all such matters as appear to him to be, or as they have indicated to him as being, of concern to them with respect to the winding up.
(2) In the case of matters so indicated to him by the committee, the liquidator need not comply with any request for information where it appears to him that—
(a)the request is frivolous or unreasonable, or
(b)the cost of complying would be excessive, having regard to the relative importance of the information, or
(c)there are not sufficient assets to enable him to comply.
(3) Where the committee has come into being more than 28 days after the appointment of the liquidator, he shall report to them, in summary form, what actions he has taken since his appointment, and shall answer all such questions as they may put to him regarding his conduct of the winding up hitherto.
(4) A person who becomes a member of the committee at any time after its first establishment is not entitled to require a report to him by the liquidator, otherwise than in summary form, of any matters previously arising.
(5) Nothing in this Rule disentitles the committee, or any member of it, from having access to the liquidator's records of the liquidation, or from seeking an explanation of any matter within the committee's responsibility.
Commencement Information
I1Rule 4.155 in force at 29.12.1986, see rule 0.1