A temporary practice direction removing the need for parties in insolvency proceedings to come in to court has been approved by the lord chancellor, the Courts and Tribunals Judiciary announced this morning.
The Insolvency Practice Direction (IPD) states that to preserve resources for genuinely urgent applications, all applications, petitions and claim forms (save for petitions for windingup and bankruptcy to be heard before an Insolvency and Companies Court judge sitting in the Rolls Building in London) listed for hearing before 21 April are adjourned.
The direction, which came into force on 6 April, aims to deal with some of the problems arising from the need for the courts to operate with limited staff and resources, a statement said. It supplements the Practice Direction - Insolvency Proceedings July 2019 and applies to all insolvency proceedings in the Business and Property Courts subject to variations outside London as directed by the supervising judge.
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