Singapore legislation
Regulation 97
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 97
Creditors entitled to vote
Subregulation 1
In the case of a meeting of the creditors held under section 134(b) of the Act or an adjournment of that meeting, a person is not entitled to vote as a creditor unless the person has duly filed with the Official Receiver not later than the period mentioned for that purpose in the notice summoning the meeting or adjourned meeting (as the case may be), a proof of the debt that the person claims to be due to the person from the company.
Subregulation 2
In the case of a Court-directed meeting or a meeting of creditors summoned by the liquidator or an adjournment of such meeting, a person is not entitled to vote as a creditor unless —
the person has duly filed with the liquidator a proof of the debt that the person claims to be due to the person from the company; and
the proof has been admitted wholly or in part before the date on which the meeting is held.
Subregulation 3
The value of the proof of debt of a creditor is to be calculated according to the amount of the creditor’s debt on the date of the winding up order.
Subregulation 4
Paragraph (1) does not affect the power of a chairperson under rule 101 to admit or reject, in whole or in part, a proof of debt for the purpose of voting.