Singapore legislation

Section 98

of Insolvency, Restructuring and Dissolution Act 2018

Section 98

Vacancy in appointment of judicial manager or interim judicial manager

(1)

If a vacancy occurs by death, resignation or otherwise in the office of a judicial manager or interim judicial manager of a company who was appointed by the Court, the Court may, on the application of the company, any creditor of the company, or the Minister, by order fill the vacancy.

(2)

If a judicial manager of a company, who was appointed under section 94, dies, resigns or otherwise vacates the office of judicial manager —

(a)

the creditors may (by a majority in number and value, voting either in person or by proxy) fill the vacancy; and

(b)

a meeting of the creditors may be summoned by any 2 of their number for the purpose of filling the vacancy.

Section 98 — Insolvency, Restructuring and Dissolution Act 2018