Section 67 Report of decisions to High CourtI1

Article 233 (report of decisions to High Court) is amended as follows.

For paragraph (1) substitute—

“(1)

When pursuant to Article 231 the debtor’s creditors have decided whether to approve the debtor’s proposal (with or without modifications), the nominee (or the nominee’s replacement under Article 230(3) or 230A(4)) must—

(a)

report the creditors’ decision to the High Court, and

(b)

immediately after so reporting, give notice of the creditors’ decision to such persons as may be prescribed.”.

In paragraph (2), for “meeting has” substitute “creditors have”.