2 Procedure where nominee is not the liquidator or administrator
2 Procedure where nominee is not the liquidator or administrator

(1)     This section applies where the nominee under section 1 is not the liquidator or administrator of the company [and the directors do not propose to take steps to obtain a moratorium under section 1A for the company].

(2)     The nominee shall, within 28 days (or such longer period as the court may allow) after he is given notice of the proposal for a voluntary arrangement, submit a report to the court stating—