Singapore legislation

Section 279

of Insolvency, Restructuring and Dissolution Act 2018

Section 279

Conditions for making of interim order

(1)

The Court must not make an interim order on an application under section 276 unless it is satisfied that —

(a)

the debtor intends to make a proposal for a voluntary arrangement;

(b)

no previous application for an interim order has been made by or in respect of the debtor during the period of 12 months immediately before the date of the application; and

(c)

the nominee appointed by the debtor’s proposal is qualified and willing to act in relation to the proposal.

(2)

The Court may make an interim order if it thinks that it would be appropriate to do so for the purpose of facilitating the consideration and implementation of the debtor’s proposal.

Section 279 — Insolvency, Restructuring and Dissolution Act 2018