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The Insolvency (Northern Ireland) Order 2002

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7.—(1) Article 19 (challenge of decisions) shall be amended as follows.

(2) In paragraph (1)(a), for “approved at the meetings summoned under Article 16” substitute “which has effect under Article 17A”.

(3) In paragraph (2), after sub-paragraph (a) insert—

(aa)a person who would have been entitled, in accordance with the rules, to vote at the creditors' meeting if he had had notice of it;.

(4) In paragraph (3)—

(a)after “be made” insert “(a)”,

(b)at the end insert

or

(b)in the case of a person who was not given notice of the creditors' meeting, after the end of the period of 28 days beginning with the day on which he became aware that the meeting had taken place,

but (subject to that) an application made by a person within paragraph (2)(aa) on the ground that the voluntary arrangement prejudices his interests may be made after the arrangement has ceased to have effect, unless it came to an end prematurely..

(5) In paragraph (4)(a)—

(a)for “the approvals given by the meetings” substitute “any decision approving the voluntary arrangement which has effect under Article 17A”,

(b)for “approval given by the meeting in question” substitute “decision taken by the meeting in question which has effect under that Article”.

(6) In paragraph (5), for “approval given at the previous meetings” substitute “decision approving the voluntary arrangement which has effect under Article 17A”.

(7) In paragraph (6), for the words from “since” to the end substitute “under the voluntary arrangement since it took effect”.

(8) In paragraph (7), for “an approval given” substitute “a decision taken”.

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