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PART 4RECEIVERSHIP

CHAPTER 2Administrative receivers (other than in Scottish receiverships)

Invitation to creditors to form a creditors’ committee

4.15.—(1) An administrative receiver must deliver to the creditors with the report under section 48(1) a notice inviting the creditors to decide whether a creditors’ committee should be established if sufficient creditors are willing to be members of the committee.

(2) The notice must also invite nominations for membership of the committee, such nominations to be received by the administrative receiver by a date to be specified in the notice.

(3) The notice must state that any nominations—

(a)must be delivered to the administrative receiver by the specified date; and

(b)can only be accepted if the administrative receiver is satisfied as to the creditor’s eligibility under rule 17.4.