Singapore legislation
Regulation 4
Regulation 4
Inspection of proofs of debt
Subregulation 1
A creditor (called in this regulation the requesting creditor) who has filed a proof of debt for the purposes of voting at a meeting and who wishes to inspect the proof of debt filed by another creditor (called in this regulation the affected creditor) for the purposes of voting at the same meeting must, not later than 21 days before the meeting —
send the request in writing to the chairperson; and
send a written notice of the request to the company and the affected creditor.
Subregulation 2
An affected creditor must, not later than 3 days after the receipt of the written notice mentioned in paragraph (1)(b) —
send a written notice to the chairperson stating —
whether the affected creditor objects to the inspection of the proof of debt in question or any part of the proof of debt, and if so, the basis for the objection; and
where the affected creditor only objects to the inspection of part of the proof of debt, the part of the proof of debt to which the objection relates; and
if the affected creditor objects to the inspection of the proof of debt or any part of the proof of debt, send a written notice of the objection to the company and the requesting creditor.
Subregulation 3
An affected creditor who fails to comply with paragraph (2) is deemed to have no objection to the inspection of the proof of debt in question by the requesting creditor.
Subregulation 4
A requesting creditor who wishes to inspect a proof of debt for which an objection to the inspection has been made may, not later than 3 days after the receipt of the written notice of the objection mentioned in paragraph (2)(b) —
send a written request to the affected creditor, seeking agreement for the appointment of an independent assessor; or (b)make an application to the Court for the appointment of an independent assessor under section 68(9)(b) of the Act.
Subregulation 5
The written request mentioned in paragraph (4)(a) must nominate a person to be appointed as the independent assessor and state the dispute that the independent assessor (if appointed) is to adjudicate.
Subregulation 6
The chairperson must provide the proof of debt in question to the requesting creditor for inspection by the requesting creditor —
in a case where the affected creditor does not object, or is deemed to have no objection, to the inspection of the proof of debt, as soon as practicable after the expiry of the period mentioned in paragraph (2); or
in a case where the affected creditor objects to the inspection of the proof of debt and an independent assessor is appointed to adjudicate the dispute, as soon as practicable after the receipt of the written notice mentioned in regulation 6(2)(b) informing that the independent assessor has allowed the inspection.
Subregulation 7
A creditor must not submit more than one request under paragraph (1) to inspect the same proof of debt.