Regulation 73
Removal of special manager
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Subsidiary LegislationIn forceProvision 74 of 86
Regulation 73
Subregulation 1
The Official Assignee may remove a special manager if the employment of the special manager appears unnecessary or unprofitable to the estate.
Subregulation 2
The Official Assignee must remove a special manager if so required by a special resolution of the creditors of the estate, or if the special manager fails to keep up his or her security as directed by the Official Assignee.