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18. For the items relating to subsections (1) to (5) of section 6(1) substitute—
“Provisions Section 6 (challenge of decisions) | Modifications |
---|---|
subsection (1) | In paragraph (b) omit “the meeting of the company, or in relation to”. |
subsection (2) | In paragraph (a) omit “at the meeting of the company or”. After paragraph (aa) insert a new paragraph as follows— “(ab) any member of the limited liability partnership; and”. Omit the word “and” at the end of paragraph (b). Omit paragraph (c).” |
subsection (3) | In paragraph (a) for “each for the reports required by section 4(6) and (6A)” substitute “the report required by section 4(6A)”. |
subsection (4) | For subsection (4) substitute the following— “(4) Where on such an application the court is satisfied as to either of the grounds mentioned in subsection (1), it may do either of the following, namely— (a)revoke or suspend any decision approving the voluntary arrangement which has effect under section 4A or, in a case falling within subsection (1)(b) any decision taken in the relevant qualifying decision procedure which has effect under that section; (b)direct any person— (i)to seek a decision from the creditors of the limited liability partnership, using a qualifying decision procedure, as to whether they approve any revised proposal the person who made the original proposal may make; or (ii)in a case falling within subsection (1)(b) and relating to the relevant qualifying decision procedure, to seek a decision from the creditors of the limited liability partnership, using a qualifying decision procedure, as to whether they approve the original proposal.” |
subsection (5) | Omit “or (c)”.” |
As amended by paragraph 3(d) of Schedule 2 to S.I. 2005/1989.
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