The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

Admission or rejection of proofsE+W

This section has no associated Explanatory Memorandum

143.—(1) Unless the administrator has already dealt with them, within fourteen days of the last date for proving, the administrator must—

(a)admit or reject (in whole or in part) proofs that have been submitted, or

(b)make such provision in respect of them as the administrator thinks fit.

(2) The administrator is not obliged to deal with proofs lodged after the last date for proving, but may do so, if the administrator thinks fit.

(3) In the declaration of a dividend no payment must be made more than once by virtue of the same debt.

Commencement Information

I1Rule 143 in force at 12.11.2021, see rule 2