Singapore legislation

Regulation 56

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

Regulation 56

Attendance before Registrar

Subregulation 1

After an application for a judicial management order has been filed, the applicant must, on a day to be appointed by the Registrar, attend before the Registrar and satisfy the Registrar that —

(a)

the notice of the application has been duly published in accordance with rule 50(1) and section 91(4)(a) of the Act;

(b)

the affidavit supporting the application, and the affidavit of service of the application (if any), have been duly filed;

(c)

the consent in writing of the licensed insolvency practitioner nominated by the applicant to act as judicial manager has been obtained and filed;

(d)

the provisions of these Rules as to applications for judicial management orders have been duly complied with; and

(e)

a sum of $1,000 has been deposited with the Court to cover the fees and expenses to be incurred by the judicial manager.

Subregulation 2

The deposit mentioned in paragraph (1)(e) is to be refunded to the applicant by the Court on the dismissal or withdrawal of the application or the discharge of the judicial management order.

Subregulation 3

Where an applicant of an application for a judicial management order has not, prior to the hearing of the application, attended before the Registrar on the day appointed and satisfied the Registrar in the manner required by this rule, no order may be made on the application of such applicant except an order for the dismissal or adjournment of the application.