Sanction of compromise or arrangement confers binding effect on approved class and requires certified filing with registrar. Order form CAA.6 sanctions a proposed compromise or arrangement upon evidence of notice publication and chairperson reports showing the required approval, declares the scheme binding on the specified class of creditors or members and the company (or liquidator), permits Tribunal directions or modifications for implementation, and requires filing a certified copy of the sanction order with the Registrar of Companies within thirty days.
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.
Sanction of compromise or arrangement confers binding effect on approved class and requires certified filing with registrar.
Order form CAA.6 sanctions a proposed compromise or arrangement upon evidence of notice publication and chairperson reports showing the required approval, declares the scheme binding on the specified class of creditors or members and the company (or liquidator), permits Tribunal directions or modifications for implementation, and requires filing a certified copy of the sanction order with the Registrar of Companies within thirty days.
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