The Energy Supply Company Administration Rules 2013

Division of unsold assetsU.K.

This section has no associated Explanatory Memorandum

41.—(1) The energy administrator may, with the permission of the creditors, divide in its existing form amongst the energy supply company's creditors, according to its estimated value, any property which from its peculiar nature or other special circumstances cannot be readily or advantageously sold.

(2) The energy administrator must—

(a)in the receipts and payments account included in the final progress report under Chapter 1 of Part 4, state the estimated value of the property divided amongst the creditors of the energy supply company during the period to which the report relates, and

(b)as a note to the account, provide details of the basis of the valuation.