32. Obligations of the liquidator to the committee

Past version: effective from 14/06/2015 - 13/06/2015
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(1) As soon as reasonably practicable after the issue of the certificate of continuance under paragraph 30 (Certificate of continuance) of Part 7 (Winding-up by the Court — administration followed by winding-up) of this Schedule, the liquidator must report to the Liquidation Committee what actions the liquidator has taken since the date on which the Company went into liquidation.
(2) A person who becomes a member of the Liquidation Committee after the date of issue of the certificate of continuance is not entitled to require a report from the liquidator of a matter previously arising, other than a summary report.
(3) Nothing in this paragraph disentitles the Liquidation Committee, or a member of it, from having access to the records of the winding-up (whether relating to the period when the Company was in administration or to any subsequent period), or from seeking an explanation of a matter within the Liquidation Committee's responsibility.