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← Insolvency, Restructuring and Dissolution Act 2018

Insolvency, Restructuring and Dissolution Act 2018 s 98

s 98 Vacancy in appointment of judicial manager or interim judicial manager

98.—(1) If a vacancy occurs by death, resignation or otherwise in the office of a judicial manager or interim judicial manager of a company who was appointed by the Court, the Court may, on the application of the company, any creditor of the company, or the Minister, by order fill the vacancy. (2) If a judicial manager of a company, who was appointed under section 94, dies, resigns or otherwise vacates the office of judicial manager —(a) the creditors may (by a majority in number and value, voting either in person or by proxy) fill the vacancy; and (b) a meeting of the creditors may be summoned by any 2 of their number for the purpose of filling the vacancy.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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