PART 3ADMINISTRATION

CHAPTER 7Administrator's proposals

Notice of result of creditors' decision on revised proposals (paragraph 54(6))3

1

In addition to delivering a report to the court and the registrar of companies (in accordance with paragraph 54(6) of Schedule B1) the administrator must deliver a report to—

a

the company's creditors (accompanied by a copy of the original statement of proposals and the revised statement of proposals if the administrator had not delivered notice of the decision procedure or deemed consent procedure to the creditor); and

b

every other person to whom a copy of the original statement of proposals was delivered.

2

A report mentioned in paragraph (1) must contain—

a

identification details for the insolvency proceedings;

b

the date of the revised proposals;

c

details of decisions taken by the creditors including details of any modifications to the revised proposals which were approved by the creditors; and

d

the date such decisions were made.

3

A copy of the statement of revised proposals must accompany the notice to the court.