115.—(1) Apply rule 4.152 of the 1986 Rules.
(2) For paragraph (1) substitute—
“(1) Subject to rule 4.154 as applied by rule 117 of the Bank Insolvency Rules 2009, the liquidation committee shall consist of either 3 or 5 creditors of the company, elected by the meeting of creditors held under rule 41 of those Rules.”
(3) Ignore paragraphs (2), (4) and (7)(1) and ignore any reference to contributory members in paragraph (6).
Paragraph (7) was substituted by S.I. 2001/3649.