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92. When Court may void or validate Deed of Company Arrangement

(1) Where there is doubt, on a specific ground, whether a Deed of Company Arrangement was entered into in accordance with this Chapter or complies with this Chapter, the administrator of the Deed of Company Arrangement, a member or creditor of the Company, or the Registrar, may apply to the Court for an order under this Section.
(2) On an application, the Court may make an order declaring the Deed of Company Arrangement, or a provision of it, to be void or not to be void, as the case requires, on the ground specified in the application or some other ground.
(3) On an application, the Court may declare the Deed of Company Arrangement, or a provision of it, to be valid, despite a breach of a provision of this Chapter, if the Court is satisfied that —
(a) the provision was substantially complied with; and
(b) no injustice will result for anyone bound by the Deed of Company Arrangement if the breach is disregarded.
(4) Where the Court declares a provision of a Deed of Company Arrangement to be void, the Court may by order vary the Deed of Company Arrangement, but only with the consent of the administrator of the Deed of Company Arrangement.