Singapore legislation

Regulation 44

of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020

Regulation 44

Application to Court under section 68(9)(b) of Act by opposing party

Subregulation 1

An application by a company or a creditor (each called in this rule an opposing party) to the Court under section 68(9)(b) of the Act for the appointment of an independent assessor to adjudicate a dispute between the opposing party and the chairperson of a meeting on the results of the adjudication of a proof of debt filed for the purposes of voting at the meeting must —

(a)

nominate a person to be appointed as the independent assessor; and

(b)

state the dispute that the independent assessor (if appointed) is to adjudicate.

Subregulation 2

Where an application mentioned in paragraph (1) is made, the opposing party must, immediately upon the making of the application, send a written notice of the application to —

(a)

the company, unless the opposing party is the company;

(b)

the chairperson; and

(c)

the creditor whose proof of debt will be affected by the independent assessor, unless the opposing party is that creditor.