Singapore legislation

Regulation 47

of Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020

Regulation 47

Appeal by creditor

Subregulation 1

The Court may, on the application of a creditor who is dissatisfied with the decision of the judicial manager in respect of a proof, by order reverse or vary the decision.

Subregulation 2

Subject to the Court’s power to extend the time, no application to the Court for an order to reverse or vary the decision of the judicial manager rejecting a proof filed with the judicial manager by a creditor, or a person claiming to be a creditor, may be entertained, unless notice of the application is given before the expiration of 21 days after the date of the service of the notice of rejection.