58. Approval of debtor's proposal.

(ii)     Consideration of Debtor's Proposal; Voting Rights and Majorities

58.     Approval of debtor's proposal.

Where the debtor's creditors are asked1 to decide whether to approve the proposed voluntary arrangement2, the creditors may approve the proposed voluntary arrangement with or without modifications3, but may not approve it with modifications unless the debtor4 consents to each modification5. The modifications subject to which the proposed voluntary arrangement may be approved may include one conferring the functions proposed to be conferred on the nominee6 on another person qualified to act as an insolvency practitioner7 or authorised to act as nominee in relation