Power of Supreme Court to require reports

Current

If an application is made to the Supreme Court under this Part in relation to a proposed compromise or arrangement, the court may—

(a)

before making an order on the application, require the Registrar or another person to give to the court a report as to—

(i)

the terms of the compromise or arrangement or of the scheme for, or in relation to, which the compromise or arrangement has been proposed; and

(ii)

the conduct of the officers of the body or bodies concerned; and

(iii)

any other matters that, in the opinion of the Registrar or the person, ought to be brought to the attention of the court; and

(b)

in deciding the application, have regard to anything contained in the report; and

(c)

make any order as to the payment of the costs of preparing and giving the report as the court considers appropriate.

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