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Insolvency Act 2063

Preamble
Chapter – 1 Preliminary
- Section 1: Short title and commencement
- Section 2: Definitions
Chapter-2 Insolvency Proceedings
Chapter-3 Inquiry into Insolvency Proceedings
Chapter-4 Restructuring Scheme of Company
Chapter-5 Liquidation of Company
Chapter-6 Claims of Creditors and Mode of Payment
Chapter-7 Voidable Transactions
Chapter-8 Insolvency Practice, and Regulation and Administration Thereof
Chapter-9 Miscellaneous

Chapter-4 Restructuring Scheme of Company

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Sections

Section 23: Restructuring program to be prepared
Section 24: To call meeting of creditors
Section 25: Report to be submitted by restructuring manager
Section 26: To make information in the event of failure to submit details of restructuring program
Section 27: Claim and objection to approved restructuring program
Section 28: Consequence of approval of restructuring program by Court
Section 29: Not to affect secured creditors
Section 30: Not to affect the right of owner of any property or of any lessor
Section 31: Restructuring manager is to operate company
Section 32: Power of restructuring manager to borrow loan
Section 33: Ceiling of remittance of loan of company
Section 34: Implementation of restructuring program
Section 35: Alteration in and amendment to restructuring program
Section 36: Termination of restructuring program

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Chapter-4 Restructuring Scheme of Company

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