Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 5A · Simplified Restructuring of Debts
72G. Notice of objection, etc.
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Upon the lodgment of the notice of a company’s entry into the simplified debt restructuring programme under section 72E, the Restructuring Adviser of the company must —
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;
send to every creditor of the company; and
publish on the designated website,a notice of its entry into the simplified debt restructuring programme.
[Deleted by Act 3 of 2025 wef 29/01/2026]
The notice of entry under subsection (1) must contain the following information:
the name of the company and its Unique Entity Number (UEN);
the date of the notice of entry;
[Deleted by Act 3 of 2025 wef 29/01/2026]
the form of, and manner of delivering, a notice of objection; (e)a note providing the address of the designated website and stating that all subsequent notices relating to the company required to be published by the Restructuring Adviser on the designated website under this Part will be published on the designated website;
any other information as may be prescribed by regulations made under section 72V.
Any creditor, member or officer of the company who believes there is reasonable cause why the company should not have entered into the simplified debt restructuring programme by reason of not meeting any of the requirements under section 72F(1), may object by delivering a notice (called in this section a notice of objection) to the Restructuring Adviser, in the form and manner stated in the notice of entry under subsection (1), within 21 days after the date of the notice of entry.
creditor
“creditor”, in relation to a debtor proposing a voluntary arrangement under Part 14, means a creditor to whom the debtor owes a debt provable in bankruptcy;
A notice of objection under subsection (4) must contain a statement of the grounds of objection.
At the expiry of 21 days after the date of the notice of entry published under subsection (1), if the Restructuring Adviser has received any notice of objection, the Restructuring Adviser must reconsider whether the company meets the requirements under section 72F(1) and if he or she decides that the company does not meet any of those requirements, the company must be discharged from the simplified debt restructuring programme.
simplified debt restructuring programme
“simplified debt restructuring programme” means the programme established in section 72C;
[Deleted by Act 3 of 2025 wef 29/01/2026]