54. Nominee's report on debtor's proposal.

Where an interim order has been made on an application under the statutory provisions1, the nominee2 must, before the order ceases to have effect3, submit a report to the court stating:

  1.  

    (1)     whether, in his opinion, the voluntary arrangement which the debtor4 is proposing has a reasonable prospect of being approved and implemented5; and

  2.  

    (2)     whether, in his opinion, the debtor's creditors should consider the debtor's proposal6.

The nominee's report must be filed with the court not less than two business days before the interim order ceases to have effect, accompanied by a copy of the report, a copy of