PART 15DECISION MAKING
CHAPTER 3Notices, voting and venues for decisions
Notice of decision procedures or of seeking deemed consent: when and to whom delivered15.11
1
Notices of decision procedures, and notices seeking deemed consent, must be delivered in accordance with the following table.
Proceedings | Decisions | Persons to whom notice must be delivered | Minimum notice required |
|---|---|---|---|
administration | decisions of creditors | the creditors who had claims against the company at the date when the company entered administration (except for those who have subsequently been paid in full) | 14 days |
administrative receivership | decisions of creditors | the creditors | 14 days |
creditors’ voluntary winding up | decisions of creditors for appointment of liquidator (including any decision made at the same time on the liquidator’s remuneration or the establishment of a liquidation committee) | the creditors | 14 days on conversion from members’ voluntary liquidation, 7 days on conversion from member’s voluntary liquidation where deemed consent has been objected to and in other cases, 3 business days |
creditors’ voluntary winding up or a winding up by the court | decisions of creditors to consider whether a replacement should be appointed after a liquidator’s resignation | the creditors | 28 days |
winding up by the court | decisions of creditors to consider whether to remove or replace the liquidator (other than after a liquidator’s resignation) | the creditors and the official receiver | 14 days |
creditors’ voluntary winding up or a winding up by the court | other decisions of creditors | the creditors | 14 days |
winding up by the court | decisions of contributories | every person appearing (by the company’s records or otherwise) to be a contributory | 14 days |
proposed CVA | decisions of creditors | the creditors | 7 days for a decision on proposed modifications to the proposal from the company’s directors under paragraph 31(7) of Schedule A1214; |
7 days for consideration of proposal where physical meeting requisitioned; | |||
in other cases, 14 days | |||
proposed IVA | decisions of creditors | the creditors | 14 days |
bankruptcy | decisions of creditors to consider whether a replacement should be appointed after the resignation of a trustee | the creditors and the official receiver | 28 days |
bankruptcy | decisions of creditors to consider removing the trustee | the creditors and the official receiver | 14 days |
bankruptcy | decisions of creditors on appointment of new trustee following removal of previous trustee (including any decision made at the same time on the establishment of a creditors’ committee) | the creditors | 7 days |
bankruptcy | other decisions of creditors | the creditors | 14 days |
2
This rule does not apply where the court orders under rule 15.12 that notice of a decision procedure be given by advertisement only.