Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 5A · Simplified Restructuring of Debts
72A. Interpretation of this Part
Feedback & supportLast amended by an amending law of 2025.
In this Part, unless the context otherwise requires —“chattels leasing agreement”, “hire-purchase agreement” and “retention of title agreement” have the meanings given by section 88(1);“company” means any corporation liable to be wound up under this Act, but excludes such company or class of companies as the Minister may by order in the Gazette prescribe;“company (in simplified debt restructuring)” means a company for which the simplified debt restructuring programme has commenced under section 72E(3), and that has not been discharged from the programme;“designated website” means the Internet website prescribed by regulations made under section 72V for the purpose of publishing notices to creditors and other persons under this Part;“moratorium period”, in relation to a company that has commenced the simplified debt restructuring programme under section 72E(3), means the period starting on the date of the commencement, and ending on —
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;
the date that is such number of days after the date of entry as may be prescribed by regulations made under section 72V, including any extension of the period under section 72Q; or
if the company is discharged from the simplified debt restructuring programme before that date, the date of discharge;[Deleted by Act 3 of 2025 wef 29/01/2026][Deleted by Act 3 of 2025 wef 29/01/2026]“Restructuring Adviser”, in relation to a company (in simplified debt restructuring), means a person appointed under section 72D(1) to be the Restructuring Adviser of the company;“simplified debt restructuring programme” means the programme established in section 72C.[Deleted by Act 3 of 2025 wef 29/01/2026][39/2020]
debt
“debt” means any debt, or any liability to pay money, that is unsecured, present, certain, and of an amount that is fixed or liquidated;
“chattels leasing agreement”, “hire-purchase agreement” and “retention of title agreement” have the meanings given by section 88(1);
“company” means any corporation liable to be wound up under this Act, but excludes such company or class of companies as the Minister may by order in the Gazette prescribe;
corporation
“corporation” has the meaning given by section 4(1) of the Companies Act 1967;
“company (in simplified debt restructuring)” means a company for which the simplified debt restructuring programme has commenced under section 72E(3), and that has not been discharged from the programme;
“designated website” means the Internet website prescribed by regulations made under section 72V for the purpose of publishing notices to creditors and other persons under this Part;
“moratorium period”, in relation to a company that has commenced the simplified debt restructuring programme under section 72E(3), means the period starting on the date of the commencement, and ending on —
the date that is such number of days after the date of entry as may be prescribed by regulations made under section 72V, including any extension of the period under section 72Q; or
if the company is discharged from the simplified debt restructuring programme before that date, the date of discharge;
“Restructuring Adviser”, in relation to a company (in simplified debt restructuring), means a person appointed under section 72D(1) to be the Restructuring Adviser of the company;
“simplified debt restructuring programme” means the programme established in section 72C.