Application by liquidator for payment out
52.—(1)  A liquidator who needs to make any payment out of moneys that have been placed to the credit of the Companies Liquidation Account under section 197 of the Act, either by way of distribution or in respect of the costs or expenses of the liquidation, must apply to the Official Receiver in the form and manner that the Official Receiver may direct.
(2)  On receiving the application, the Official Receiver may —
(a)direct that payment be made by means of an electronic funds transfer system designated by the Official Receiver to the liquidator or the person to whom the payment is to be made of the sum required for the purposes mentioned in paragraph (1); or
(b)direct that a cheque be issued in favour of the person to whom the payment is to be made and that the liquidator deliver the cheque to the person.