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Section 246C: Creditors' ability to opt out of receiving certain notices

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

*Part VI: Miscellaneous Provisions Applying to Companies Which are Insolvent or in Liquidation — : *

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)a liquidator, provisional liquidator, administrator or administrative receiver of the company,

    (b)a receiver appointed under section 51 in relation to any property of the company, or

    (c)the supervisor of a voluntary arrangement which has taken effect under Part 1 in relation to the company.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.