Where a voluntary arrangement approved by a decision of the debtor's creditors1 has taken effect2, the person who is for the time being carrying out, in relation to the voluntary arrangement, the functions conferred by virtue of the approval on the nominee3, or his replacement4, is to be known as the supervisor of the voluntary arrangement5.
The supervisor may apply to the court6 for directions in relation to any particular matter arising under the voluntary arrangement7.
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