Section 72R

Where a company accepted into the simplified debt restructuring programme is subsequently wound up under Part 8, section 205 applies to that company as if the reference in subsection (2)(a) of that section to a transfer or an assignment of a company’s property pursuant to the terms of a compromise or an arrangement mentioned in that paragraph includes a transfer or an assignment of the company’s property pursuant to the terms of a compromise or an arrangement approved by the Court under section 72M or that compromise or arrangement as confirmed or modified by the Court on an appeal mentioned in section 72O, if any.