124. In Rule 1.32—
(a)for paragraph (1)(b) substitute “the deponent’s belief that the conversion of a voluntary arrangement into a winding up or of a winding up into a voluntary arrangement would be most appropriate as regards the interests of the local creditors and coherence between the main and secondary insolvency proceedings.”; and
(b)In paragraph (1)
(i)at the beginning of sub-paragraph (c) insert, “In the case of an application for the conversion of a voluntary arrangement into a winding up”; and
(ii)for sub-paragraph (d)(i) substitute, “in deciding whether to make the order applied for, and”.