[(1) This section applies where a decision approving a voluntary arrangement has effect under section 4A.]
(2) The . . . voluntary arrangement—
(a) takes effect as if made by the company at the [time the creditors decided to approve the voluntary arrangement], and
[(b) binds every person who in accordance with the rules—
(i) was entitled to vote [in the qualifying decision procedure by which the creditors' decision to approve the voluntary arrangement was made], or
(ii) would have been so entitled if he had had notice of it,
as if he were a party to the voluntary arrangement.
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