| Commentary

22 Schemes of arrangement

| Commentary

22 Schemes of arrangement

Where a company is not involved in a voluntary winding up, the above provisions of the Insolvency Act 1986 will not be relevant, but it may still be possible to implement a reorganisation using the procedure laid down in Sections 895 to 901 of the Companies Act 2006. To do so, the reorganisation must be approved by resolutions passed at separate meetings of each class of its members and creditors and then sanctioned by the court1. The vote on the scheme at each meeting of members or creditors is taken by a poll and

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