Section 75: Deadlines for steps to approve composition and execute deed
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.
75. Deadlines for steps to approve composition and execute deed
(1) The deadlines for steps to approve the composition and execute the
deed are—
(a) the confirming resolution shall be passed within one month after
the preliminary resolution is passed;
(b) the Court shall approve the composition within one month after
the confirming resolution is passed; and
(c) the bankrupt shall execute the deed of composition within 5
working days after the Court approves the composition or, if the
Court allows the bankrupt additional time, within that time.
(2) Where any of the deadlines referred to in subsection (1) is not kept—
(a) immediately on the expiry of the deadline, the proceedings in the
bankruptcy resume as if there had been no confirming resolution;
and
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Insolvency Act
(b) none of the periods specified in subsection (1) counts in the calculation of a period of time for any purpose of this Act.