PART 7Distributions to creditors
CHAPTER 3Quantification of claims
Realisation of security by creditor141
If a creditor who has valued their security subsequently realises it (whether or not at the instance of the administrator)—
a
the net amount realised must be substituted for the value previously put by the creditor on the security, and
b
that amount must be treated in all respects as an amended valuation made by the creditor.