Section 26: To make information in the event of failure to submit details of restructuring program

1) Where it is not possible to submit the details of the restructuring program of the company to the Court within the restructuring period, the restructuring manager shall make an application, accompanied by the reasons, to the Court.

2) Where an application is made pursuant to sub-section (1), the Court may, if it considers it to be reasonable, invalidate the order to make restructuring and issue an order to liquidate the company.