89. Creditors may terminate Deed of Company Arrangement and resolve that Company be wound up

Past version: effective from 14/06/2015 - 13/06/2015
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Where —

(a) at a meeting convened under Section 90 (Meeting of creditors to consider variation or termination), the Company's creditors pass a resolution terminating the Deed of Company Arrangement; and
(b) the notice of the meeting sets out a proposed resolution that the Company be wound up,

the creditors may also resolve at the meeting that the Company be wound-up.