| Commentary

142 Revised proposals by administrator

| Commentary

142 Revised proposals by administrator

It may happen that, at some stage after the administrator’s proposals have been approved by the creditors’, he needs to substantially revise them1.Where this is the case, there is provision for him to make further proposals. In such a case he must2:

  1. 142.1

        Send a statement in the prescribed form3 of the proposed revision with the notice of the meeting sent to each creditor;

  2. 142.2

        Send a copy of the statement, within the period of five business days after that, to each member of the company of whose address

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