PART 3Miscellaneous amendments of the Insolvency Rules
Amendment of Part 15 of the Insolvency Rules71.
After rule 15.23 insert—
“Adjournment of meeting in, or for the purposes of, a moratorium under Part A1 of the Act15.23A.
(1)
This rule applies where a meeting is for the purpose of a decision procedure in respect of a moratorium under Part A1 of the Act.
(2)
Where this rule applies the chair may, (and must if it is so resolved), adjourn a meeting.
(3)
A meeting may be adjourned under this rule on more than one occasion.
(4)
An adjournment under this rule—
(a)
must not be—
(i)
for a period which is more than 14 days, or
(ii)
to a date which is more than 14 days after the first day on which the meeting was held, and
(b)
where a meeting is for the purpose of seeking a decision of creditors to a revised end date for a moratorium under section A11, must be to a date which is before the end of the moratorium14.(5)
This rule is subject to any direction of the court.”.