Schedule 9, Part 1, paragraph 1(1)

If a number representing 75% in value of the creditors or class of creditors or members or class of members (as the case may be), present and voting either in person or by proxy at the meeting summoned under section 901C, agree a compromise or arrangement, the court may, on an application under this section, sanction the compromise or arrangement.

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