Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 5 · Scheme of Arrangement
69. Power of Court to order re‑vote
Feedback & supportAt the hearing of an application for the Court’s approval under section 210(4) of the Companies Act 1967 of a compromise or an arrangement between a company and its creditors or any class of those creditors, the Court may order the company to hold another meeting of the creditors or class of creditors (called in this section the further meeting) for the purpose of putting the compromise or arrangement to a re‑vote.
When making an order under subsection (1), the Court may —
make the order subject to such terms as the Court thinks fit;
direct that the further meeting be summoned or held in such manner as the Court thinks fit; and
make such orders or directions as the Court thinks appropriate in respect of one or more of the following matters:
the classification of any creditor for the purposes of voting at the further meeting;
the quantum of any creditor’s debt that is to be admitted for the purposes of voting at the further meeting;
the weight to be attached to the vote of any creditor at the further meeting.