Companies Act 2014

Conclusion of rescue period and termination of appointment of process adviser

558ZK

558ZK. The appointment of a process adviser in respect of an eligible company shall be terminated—

(a) where a rescue plan for the eligible company takes effect under section 558ZB or 558ZE, on the date on which it takes effect under the section concerned,

(b) where no rescue plan for the eligible company is approved at a meeting held under section 558T, on the date on which the process adviser gives a copy of his or her report to the eligible company under section 558ZA(3),

(c) where—

(i) the relevant court upholds an objection to a rescue plan for the eligible company, and

(ii) no rescue plan takes effect for the eligible company,

on the date on which the relevant court upholds the objection or such later date as may be fixed by the relevant court, or

(d) on such other date as may be prescribed.]

Annotations:

Amendments:

F338

Inserted (7.12.2021) by Companies (Rescue Process for Small and Micro Companies) Act 2021 (30/2021), s. 3, S.I. No. 673 of 2021.