[901F Court sanction for compromise or arrangement]
Companies Act 2006 | Legislation

[Court sanction for compromise or arrangement]

[901F  Court sanction for compromise or arrangement]

[(1)     If a number representing 75% in value of the creditors or class of creditors or members or class of members (as the case may be), present and voting either in person or by proxy at the meeting summoned under section 901C, agree a compromise or arrangement, the court may, on an application under this section, sanction the compromise or arrangement.

(2)     Subsection (1) is subject to—

(a)     section 901G (sanction for compromise or arrangement where one or more classes dissent), and

(b)     section 901H (moratorium debts, etc).

(3)     An

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