Regulation 112
Expunging at instance of liquidator or creditor
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Subsidiary LegislationIn forceProvision 112 of 163
Regulation 112
Subregulation 1
If a liquidator thinks that a proof has been improperly admitted, the Court may, on the application of the liquidator, after notice to the creditor who filed the proof, expunge the proof or reduce its amount.
Subregulation 2
The Court may expunge or reduce a proof upon the application of a creditor or contributory if the liquidator in question declines to interfere in the matter.