C1F1PART 69COURT'S POWER TO APPOINT A RECEIVER

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Accounts69.8

1

The court may order a receiver to prepare and serve accounts.

  • (F2Practice Direction 69 contains provisions about directions for the preparation and service of accounts.)

2

A party served with such accounts may apply for an order permitting him to inspect any document in the possession of the receiver relevant to those accounts.

3

Any party may, within 14 days of being served with the accounts, serve notice on the receiver—

a

specifying any item in the accounts to which he objects;

b

giving the reason for such objection; and

c

requiring the receiver, within 14 days of receipt of the notice, either—

i

to notify all the parties who were served with the accounts that he accepts the objection; or

ii

if he does not accept the objection, to apply for an examination of the accounts in relation to the contested item.

4

When the receiver applies for the examination of the accounts he must at the same time file—

a

the accounts; and

b

a copy of the notice served on him under this rule.

5

If the receiver fails to comply with paragraph (3)(c) of this rule, any party may apply to the court for an examination of the accounts in relation to the contested item.

6

At the conclusion of its examination of the accounts the court will certify the result.

  • (F3Practice Direction 40A provides for inquiries into accounts.)