Section 35: Alteration in and amendment to restructuring program

1) Where it appears that the restructuring program cannot be implemented wholly or partly at the time of implementation of that program, but that program can be implemented if it is altered or amended, the restructuring manager shall call a meeting of creditors in order to alter or amend that program.

2) Where the meeting called pursuant to sub-section (1) adopts a resolution altering or amending the program, it shall be submitted to the Court for approval.

3) Where it is reasonable to approve the program submitted pursuant to sub-section (2) for the interest of creditors, the Court may order to that effect.

4) The program approved pursuant to sub-section (3) shall be implemented as per such alteration or amendment.