231. Court may rule on validity of a deed

a deed of company arrangement that is in force, make an order declaring the deed void; or

a proposed deed of company arrangement, make such order as may be necessary, including the granting of permission for the proposed deed to take effect subject to certain conditions.

A deed shall be declared void where the court is satisfied that in the case of a deed –

there has been a material irregularity in obtaining approval of the deed of company arrangement;

the deed does not comply with the requirements in section 223;

there has been a material contravention of the deed by a person bound by it; or

the deed should be declared void according to law.

the administrator;

the deed administrator or a person to be appointed as a deed administrator;

a creditor;

any other person with an interest in the company; or

the Authority.