Section 5(2)

The ... voluntary arrangement— takes effect as if made by the company at the time the creditors decided to approve the voluntary arrangement, and binds every person who in accordance with the rules— as if he were a party to the voluntary arrangement. was entitled to vote in the qualifying decision procedure by which the creditors' decision to approve the voluntary arrangement was made, or would have been so entitled if he had had notice of it,

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Source: legislation.gov.uk · retrieved 2026-09-04