# The Insolvency (Northern Ireland) Order 1989, Paragraph 54


(1) An initial creditors' meeting to which an administrator's proposals are presented shall consider them and may—
(a) approve them without modification, or
(b) approve them with modification to which the administrator consents.
(2) After the conclusion of an initial creditors' meeting the administrator shall as soon as is reasonably practicable report any decision taken to—
(a) the High Court,
(b) the registrar, and
(c) such other persons as may be prescribed.
(3) An administrator commits an offence if he fails without reasonable excuse to comply with sub-paragraph (2).

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Source: https://www.legislation.gov.uk/nisi/1989/2405/schedule/B1/paragraph/54 (the official version)
Page: https://openlegislation.uk/insolvency-northern-ireland-order-1989/schedule-B1/paragraph-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.