B 46
CAP. 6]
Bankruptcy (Forms) Rules
[1977 Ed.
[Subsidiary]
FORM 69
NOTICE TO OFFICIAL RECEIVER OF APPLICATION TO COURT BY DEBTOR TO APPROVE COMPOSITION OR SCHEME
(Title.)
Take notice that application will be made to the court on the day of 19 at o'clock in the noon, to approve the composition [or scheme] accepted on the day of 19 by the statutory majority of creditors.
Dated this day of 19 .
Debtor.
FORM 70
[s. 20(12); rule 12.]
ORDER ON APPLICATION TO APPROVE COMPOSITION OR SCHEME
(Title.)
On the application of , and on reading the report of the Official Receiver filed on the day of 19 , and hearing the Official Receiver and , and the court being satisfied that the creditors in the above matter have duly accepted a composition [or scheme] in the following terms, namely [here insert terms if short; if not, insert in the terms contained in the paper writing marked "A", annexed hereto] and being satisfied that the said terms are reasonable and calculated to benefit the general body of creditors and that the case is not one in which the court would be required, if the debtor were adjudged bankrupt, to refuse an order of discharge.
And being satisfied-
[and as the case may be.]
(a) that no facts have been proved which would justify the court in refusing, qualifying or suspending an order of discharge;
or
(b) that facts have been proved which would justify the court in refusing, qualifying or suspending an order of discharge; but that having regard to the nature of such facts, and the composition [or scheme] providing reasonable security for payment of not less than 25 per cent on all the unsecured debts provable against the debtor's estate, the said composition [or scheme] is hereby approved, and it is ordered-
(a) That the receiving order made against the said on the day of 19 be and the same is hereby discharged,
or
(b) That the order of adjudication made against the said on the day of 19 be and the same is hereby annulled.