Section 32: Power of restructuring manager to borrow loan

1)Where, in acting as the manager of the company, the restructuring manager considers any amount to be necessary to keep on running the company or operate the business and transaction of the company, he or she may borrow a loan with or without furnishing the company’s property as security.

2) The amount of loan borrowed pursuant to sub-section (1) and terms thereof shall be as set forth in Section 17.