269. Interpretation

In this Part, unless the context otherwise requires –

“compromise” means, a compromise between a company and its creditors, or any class of them, including a compromise –

Rescue, Rehabilitation and Insolvency

cancelling all or part of any debts or other liabilities of the company;

varying the rights of creditors or the terms of any debts or other liabilities of the company; or

relating to an alteration of a company’s articles that affects the likelihood of the company’s ability to pay its debts; and