Section A14(3)

For the purposes of this section a proposal under Part 1 is “disposed of” when any of the following takes place— the company and its creditors both decide under section 4 not to approve the voluntary arrangement contained in the proposal; the decisions taken by the company and its creditors under section 4 differ, and— the period for making an application under section 4A(3) expires and either no application has been made within that period or any application made within that period has been withdrawn, or an application is made under section 4A(3) and that application is disposed of, or it is withdrawn after the expiry of the period for making an application under section 4A(3); the voluntary arrangement contained in the proposal takes effect under section 5; the proposal is withdrawn.

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