| Commentary

49.5 Adjournment

| Commentary

49.5 Adjournment

The chairman may adjourn a creditors’ meeting from time to time in accordance with the Rules, but the final adjournment may not be to a date later than 14 days after the original day on which the meeting is held1. If a proposal fails to obtain the agreement of creditors on the final adjournment, it is deemed to be rejected2.

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