Section 172(3)

Where— a qualifying decision procedure such as is mentioned in subsection (2) shall be instigated only if the liquidator thinks fit, the court so directs, or it is requested, in accordance with the rules, by not less than one-quarter, in value, of the creditors. the official receiver is liquidator otherwise than in succession under section 136(3) to a person who held office as a result of a nomination by ... the company’s creditors or contributories, or the liquidator was appointed by the court otherwise than under section 139(4)(a) or 140(1), or was appointed by the Secretary of State,

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Source: legislation.gov.uk · retrieved 2026-09-04