1950_BANKRUPTCY_RULES — Page 41

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Bankruptcy.

(b) As soon as any such proceedings are commenced it shall be the duty of the Official Receiver to report the same to the Colonial Secretary, who shall determine whether or not such proceedings shall be resisted or defended.

(c) The Official Receiver shall not, unless the court otherwise orders, be entitled to be paid out of the estate any costs or expenses which he may have to pay or bear in consequence of resisting or defending any such proceedings, unless the Colonial Secretary has determined that such proceedings shall be resisted or defended.

(d) The Official Receiver shall, if necessary, apply to the court for any reasonable adjournment of any motion or other summary proceedings before the court pending the determination of the Colonial Secretary upon the question whether such motion or proceedings shall be resisted or defended. And the court may grant an adjournment upon such terms as it thinks fit.

(e) If such proceedings are commenced before the appointment of a trustee by the creditors or before the approval of a composition or scheme, the Official Receiver may, before putting the trustee appointed by the creditors or in the case of a composition the debtor himself into possession of the debtor's property, retain the whole or some part of the debtor's estate according as the Colonial Secretary shall in each case direct, to meet the damages, costs or expenses which the Official Receiver may have to pay or bear in consequence of the said proceedings. If such proceedings are commenced after the appointment of a trustee by the creditors or after the approval of a composition or scheme, the Official Receiver shall forthwith give notice of such proceedings to the trustee or other person in whom the estate of the debtor may be vested (including where necessary the debtor himself) and the estate

401

[CAP. 6

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Bankruptcy. (a) Subject to the provisions of paragraph (b), the costs, damages and expenses which the Official Receiver may have to pay, or to which he may be put under such proceedings, shall be paid out of the estate of the debtor and not personally. (b) As soon as any such proceedings are commenced it shall be the duty of the Official Receiver to report the same to the Colonial Secretary, who shall determine whether or not such proceedings shall be resisted or defended. (c) The Official Receiver shall not, unless the court otherwise orders, be entitled to be paid out of the estate any costs or expenses which he may have to pay or bear in consequence of resisting or defending any such proceedings, unless the Colonial Secretary has determined that such proceedings shall be resisted or defended. (d) The Official Receiver shall, if necessary, apply to the court for any reasonable adjournment of any motion or other summary proceedings before the court pending the determination of the Colonial Secretary upon the question whether such motion or proceedings shall be resisted or defended. And the court may grant an adjournment upon such terms as it thinks fit. (e) If such proceedings are commenced before the appointment of a trustee by the creditors or before the approval of a composition or scheme, the Official Receiver may, before putting the trustee appointed by the creditors or in the case of a composition the debtor himself into possession of the debtor's property, retain the whole or some part of the debtor's estate according as the Colonial Secretary shall in each case direct, to meet the damages, costs or expenses which the Official Receiver may have to pay or bear in consequence of the said proceedings. If such proceedings are commenced after the appointment of a trustee by the creditors or after the approval of a composition or scheme, the Official Receiver shall forthwith give notice of such proceedings to the trustee or other person in whom the estate of the debtor may be vested (including where necessary the debtor himself) and the estate 401 [CAP. 6

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Bankruptcy. (a) Subject to the provisions of paragraph (b), the costs, damages and expenses which the Official Receiver may have to pay, or to which he may be put under such proceedings, shall be paid out of the estate of the debtor and not personally. (b) As soon as any such proceedings are commenced it shall be the duty of the Official Receiver to report the same to the Colonial Secretary, who shall deter- mine whether or not such proceedings shall be re- sisted or defended. (c) The Official Receiver shall not, unless the court otherwise orders, be entitled to be paid out of the estate any costs or expenses which he may have to pay or bear in consequence of resisting or de- fending any such proceedings, unless the Colonial Secretary has determined that such proceedings shall be resisted or defended. (d) The Official Receiver shall, if necessary, apply to the court for any reasonable adjournment of any motion or other summary proceedings before the court pending the determination of the Colonial Secretary upon the question whether such motion or proceedings shall be resisted or defended. And the court may grant an adjournment upon such terms as it thinks fit. (e) If such proceedings are commenced before the appointment of a trustee by the creditors or before. the approval of a composition or scheme, the Official Receiver may, before putting the trustee appointed by the creditors or in the case of a com- position the debtor himself into possession of the debtor's property, retain the whole or some part of the debtor's estate according as the Colonial Secre- tary shall in each case direct, to meet the damages, costs or expenses which the Official Receiver may have to pay or bear in consequence of the said pro- ceedings. If such proceedings are commenced after the appointment of a trustee by the creditors or after the approval of a composition or scheme, the Official Receiver shall forthwith give notice of such proceedings to the trustee or other person in whom the estate of the debtor may be vested (including where necessary the debtor himself) and the estate 401 [CAP. 6 :

2026-05-03 17:31:36 · Baseline

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Bankruptcy.

(a) Subject to the provisions of paragraph (b), the costs, damages and expenses which the Official Receiver may have to pay, or to which he may be put under such proceedings, shall be paid out of the estate of the debtor and not personally. (b) As soon as any such proceedings are commenced it shall be the duty of the Official Receiver to report the same to the Colonial Secretary, who shall deter- mine whether or not such proceedings shall be re- sisted or defended.

(c) The Official Receiver shall not, unless the court otherwise orders, be entitled to be paid out of the estate any costs or expenses which he may have to pay or bear in consequence of resisting or de- fending any such proceedings, unless the Colonial Secretary has determined that such proceedings shall be resisted or defended.

(e) If such proceedings are commenced before the appointment of a trustee by the creditors or before. the approval of a composition or scheme, the Official Receiver may, before putting the trustee appointed by the creditors or in the case of a com- position the debtor himself into possession of the debtor's property, retain the whole or some part of the debtor's estate according as the Colonial Secre- tary shall in each case direct, to meet the damages, costs or expenses which the Official Receiver may have to pay or bear in consequence of the said pro- ceedings. If such proceedings are commenced after the appointment of a trustee by the creditors or after the approval of a composition or scheme, the Official Receiver shall forthwith give notice of such proceedings to the trustee or other person in whom the estate of the debtor may be vested (including where necessary the debtor himself) and the estate

1950_BANKRUPTCY_RULES — Page 41

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