Section 98 of Insolvency Act CAP 53: Person disqualified from voting at creditor's meeting through preferential effect

    

(1) A person is not entitled to vote in favour of a resolution that would, if passed, directly or indirectly enable that person or any of the following persons to receive remuneration from the bankrupt's estate except as a creditor sharing rateably with the other creditors. Those persons are—
(a) that person's business partner, employer or employee;
(b) a creditor that that person represents; and
(c) a business partner, employer, or employee of a creditor whom that person represents.
(2) A vote cast in contravention (1) is invalid.


Disclaimer: This document is not to be taken as legal advise.

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