Section 271: Variation of deed by creditors
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
271. Variation of deed by creditors
(1) The creditors may vary a deed of company arrangement by a resolution passed at a meeting convened under section 275, but the
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Insolvency Act
variation must not be materially different from the proposed variation set out
in the notice of the meeting.
(2) A creditor of a company in administration may apply to the Court for
an order cancelling the variation of the deed of company arrangement by the
creditors.
(3) On the application made under subsection (2), the Court may—
(a) cancel or confirm the variation, on specified conditions (if any);
and
(b) make any other order that the Court thinks appropriate.