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Section 320 of Insolvency Act CAP 53: Revocation of expedited voluntary arrangement

    

(1) The Court may make an order revoking a voluntary arrangement that has effect because of section
318(1) on the ground—
(a) that it unfairly affects the interests of a creditor of the debtor; or
(b) that a material irregularity occurred in relation to the arrangements made under section 316(3).
(2) An order under subsection (1) may be made only on the application of— (a) the debtor;
(b) a person who was entitled to participate in the arrangements made under section 316(3); (c) the bankruptcy trustee (if any); or (d) the Official Receiver.
(3) An application under subsection (2) may not be made after the expiry of thirty days from and including the date on which the Official Receiver has reported to the Court as required by section 317.
(4) However, a creditor who was not made aware of the arrangements under section 316(3) at the time when they were made may make an application under subsection (2) during the thirty days from and including the date on which the creditor first became aware of the voluntary arrangement.

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

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