Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020
Table of Contents
Enacting Formula
Part 1 PRELIMINARY
1 Citation and commencement
2 Definitions
3 Forms
Part 2 JUDICIAL MANAGEMENT BY ORDER OF COURT
4 Notice of special resolution
Part 3 JUDICIAL MANAGEMENT BY RESOLUTION OF CREDITORS
5 Notice of intention to appoint interim judicial manager required under section 94(2) of Act
6 Notice of appointment of interim judicial manager
7 Filing, inspection and adjudication of proof of debt for purposes of meeting under section 94(7) of Act
8 Quorum
9 Adjournment of pre-appointment meeting of creditors
Part 4 NOTICE OF APPOINTMENT OF JUDICIAL MANAGER
10 Information to be given by judicial manager under section 105 of Act
Part 5 PROOF OF DEBTS
11 Application of this Part
12 Proof of debts
13 Mode of proof
14 Verification by proof
15 Contents of proof
16 Costs of proof
17 Discount
18 Periodical payments
19 Prescribed rate of interest under section 222 of Act
20 Proof of debt filed by licensed moneylenders
21 Workmen’s wages
22 Production of bills of exchange and promissory notes
Part 6 MEETING OF CREDITORS IN RELATION TO COMPANY IN JUDICIAL MANAGEMENT
23 Notice of first meeting of creditors
24 Form of notice of first meeting of creditors
25 Notice of first meeting of creditors to officers of company
26 Mode of delivery of statement of proposals
27 Summary of statement of affairs
28 Judicial manager’s meeting of creditors
29 Application of regulations as to meetings
30 Summoning of judicial manager’s meeting of creditors
31 Place of meeting of creditors
32 Costs of summoning meeting of creditors
33 Chairperson of meeting
34 Ordinary resolution of creditors
35 Quorum
36 Adjournment of meeting
37 Creditors entitled to vote
38 Cases in which creditors may not vote
39 Votes of secured creditors
40 Admission and rejection of proofs for purpose of voting
41 Statement of security
42 Minutes of meeting
43 Copy of resolution to be lodged
44 Copy of proposals, revised proposals and report of result of meeting of creditors
Part 7 ADMISSION AND REJECTION OF PROOFS
45 Notice to creditors to prove
46 Examination of proof
47 Appeal by creditor
48 Expunging proof at instance of judicial manager
49 Expunging proof at instance of creditor
50 Oaths
Part 8 DISCLAIMER
51 Notice of disclaimer under section 230 of Act
52 Service of copy of notice of disclaimer on interested persons
53 Application by person interested in property
Part 9 MISCELLANEOUS
54 Constitution, meetings, etc., of committee of creditors
55 Notification and advertisement of appointment of replacement judicial manager
56 Prescribed value under section 234(1)(c) of Act
57 Fees for lodgment or filing of documents