Singapore legislation
Regulation 27
of Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020
Regulation 27
Summary of statement of affairs
Subregulation 1
The judicial manager must also, as soon as practicable, send to each creditor mentioned in the statement of affairs of the company, a summary of the statement of affairs including —
(a)
the causes of the company’s inability or likely inability to pay its debts; and
(b)
any observation on the statement of affairs that the judicial manager may think fit to make.
Subregulation 2
The proceedings at a meeting are not invalidated by reason of any summary required by these Regulations not having been sent or received before the meeting.