The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021 No. 1178

PART 7 E+W Distributions to creditors

CHAPTER 2 E+W Proofs of debt

Admission and rejection of proofs for dividend E+W

124.—(1) The administrator may admit or reject a proof in whole or in part.

(2) If the administrator rejects a proof in whole or in part, the administrator must prepare a written statement of reasons for doing so, and send it as soon as is reasonably practicable to the creditor.

Commencement Information

I1 Rule 124 in force at 12.11.2021, see rule 2