Proxy appointment empowers unsecured creditors to nominate representatives to vote on proposed company compromises or arrangements. Proxy appointment for unsecured creditors enables a creditor to nominate named individuals to act and vote on the creditor's behalf at a meeting convened to consider a proposed compromise or arrangement, including at any adjournment; the form prescribes that the proxy may vote for or against the compromise or arrangement, allows for an alternate proxy, and requires the creditor's signature, date and address to validate the appointment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proxy appointment empowers unsecured creditors to nominate representatives to vote on proposed company compromises or arrangements.
Proxy appointment for unsecured creditors enables a creditor to nominate named individuals to act and vote on the creditor's behalf at a meeting convened to consider a proposed compromise or arrangement, including at any adjournment; the form prescribes that the proxy may vote for or against the compromise or arrangement, allows for an alternate proxy, and requires the creditor's signature, date and address to validate the appointment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.