Singapore legislation
Clause 13
of Insolvency, Restructuring and Dissolution (Amendment) Bill
Clause 13
Amendment of section 72K
In the principal Act, in section 72K —
(a)
replace the section heading with —“Restraint of proceedings and disposition of property, etc., during moratorium period”;
(b)
in subsection (1), replace “During the specified period in respect of a company (in simplified debt restructuring)” with “During the moratorium period in respect of a company that has entered into the simplified debt restructuring programme under section 72E”;
(c)
in subsection (1)(c), delete “(other than proceedings under section 72M)”; and
(d)
in subsection (3), replace “specified period” with “moratorium period”.