Singapore legislation
Regulation 43
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 43
Application to Court under section 68(9)(b) of Act by requesting creditor
Subregulation 1
An application by a requesting creditor to the Court under section 68(9)(b) of the Act for the appointment of an independent assessor to adjudicate a dispute between the requesting creditor and an affected creditor on the inspection of a proof of debt must —
be made not later than 3 days after the receipt of the written notice of objection sent by the affected creditor under regulation 4(2)(b) of the Insolvency, Restructuring and Dissolution (Proofs of Debt in Schemes of Arrangement) Regulations 2020;
nominate a person to be appointed as the independent assessor; and
state the dispute that the independent assessor (if appointed) is to adjudicate.
Subregulation 2
Where an application mentioned in paragraph (1) is made, the requesting creditor must, immediately upon the making of the application, send a written notice of the application to —
the company in question;
the chairperson in question; and
the affected creditor in question.
Subregulation 3
In this rule —
Definition
“affected creditor” means a creditor who has filed a proof of debt for the purposes of voting at a meeting, being a proof of debt that is requested to be inspected by a requesting creditor;
Definition
“requesting creditor” means a creditor who has filed a proof of debt for the purposes of voting at a meeting and who has made a request to the chairperson of the meeting to inspect a proof of debt filed by an affected creditor for the same purposes.