Clause 283
Report of decisions to Court
of Insolvency, Restructuring and Dissolution Bill
BillNot in forceProvision 283 of 531
Clause 283
(1)
After the conclusion of the creditors’ meeting summoned under section 281, the nominee must report the result of the meeting to the Court and serve a copy of the report on such persons as may be prescribed.
(2)
Where the creditors’ meeting has declined to approve the debtor’s proposal, the Court may discharge any interim order which is in force in relation to the debtor.