Postponement or cancellation of dividendE+W
144.—(1) The administrator may postpone or cancel the dividend if in the period of two months referred to in rule 142(5)—
(a)the administrator has rejected a proof in whole or in part and application is made to the court for that decision to be reversed or varied, or
(b)an application is made to the court for the administrator’s decision on a proof to be reversed or varied, or for a proof to be excluded, or for a reduction of the amount claimed.
(2) Where in that same period the administrator considers that, due to the nature of the business of the institution, there is significant complexity in admitting or rejecting proofs of claims submitted, or that the quantum of claims may be affected by any shortfall claims, the administrator may postpone the dividend.
Commencement Information
I1Rule 144 in force at 12.11.2021, see rule 2