Realisation of security by creditorU.K.
This section has no associated Explanatory Memorandum
63. If a creditor who has valued the creditor's security subsequently realises it (whether or not at the instance of the energy administrator)—
(a)the net amount realised shall be substituted for the value previously put by the creditor on the security; and
(b)that amount shall be treated in all respects as an amended valuation made by the creditor.