Clause 25

by deleting the words “will be” in subsection (1)(a) and substituting the words “is likely to become”;

by inserting, immediately after the words “section 210” in subsection (1)(b)(ii), the words “or 211I”; (c)by deleting the words “and Chinese” in subsection (4)(a);

by deleting subsection (5) and substituting the following subsection:“(5) Subject to subsection (10), the Court must dismiss an application for a judicial management order if —

the making of the order is opposed by a person who has appointed, will appoint or is entitled to appoint, a receiver and manager mentioned in subsection (4); and

the Court is satisfied that the prejudice that would be caused to the person mentioned in paragraph (a) if the order is made is disproportionately greater than the prejudice that would be caused to unsecured creditors of the company if the application is dismissed.”; (e)by deleting the word “or” at the end of subsection (7)(b);

by deleting the full‑stop at the end of paragraph (c) of subsection (7) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(d)where the company belongs to such class of companies as the Minister may by order in the Gazette prescribe.”; and

by deleting subsection (11).