Section 246C

Any provision of the rules which requires an office-holder of a company to give a notice to creditors of the company does not apply, in circumstances prescribed by the rules, in relation to opted-out creditors. Subsection (1)— does not apply in relation to a notice of a distribution or proposed distribution to creditors; is subject to any order of the court requiring a notice to be given to all creditors (or all creditors of a particular category). Except as provided by the rules, a creditor may participate and vote in a qualifying decision procedure or a deemed consent procedure even though, by virtue of being an opted-out creditor, the creditor does not receive notice of it. In this section— “give” includes deliver, furnish or send; “notice” includes any document or information in any other form; “office-holder”, in relation to a company, means— a liquidator, provisional liquidator, administrator or administrative receiver of the company, a receiver appointed under section 51 in relation to any property of the company, or the supervisor of a voluntary arrangement which has taken effect under Part 1 in relation to the company.

← 3 · All articles · 1 →

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