(1) This section applies where the nominee under section 1 is not the liquidator or administrator of the company [. . .].
(2) The nominee shall, within 28 days (or such longer period as the court may allow) after he is given notice of the proposal for a voluntary arrangement, submit a report to the court stating—
(a) [whether, in his opinion, the proposed voluntary arrangement has a reasonable prospect of being approved and implemented,]
[(b) whether, in his opinion, the proposal should be considered by a meeting of the company and by
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