PART 7Distribution to creditors

CHAPTER 3Quantification of claims

Realisation of security by creditor63

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.