Companies Act 2016 · Updated to 31 Jan 2025 · Chapter III
369D. Power of Court to review act, omission or decision, etc., after approval, etc., of compromise or arrangement
Feedback & supportThe Court may, on an application of any company or creditor bound by a compromise or arrangement which has been approved by the Court under subsection 366(4) or subsection 369c(1), clarify any terms of the compromise or arrangement.
Where the Court is satisfied that the company has committed an act or omission, or made a decision, that results in a breach of any terms of the compromise or arrangement, the Court may, on an application of any creditor bound by the compromise or arrangement—
confirm, reverse or modify the act, omission or decision of the company; or
give such direction or make such order as the Court thinks fit to rectify the act, omission or decision of the company.
No clarification or order made, and no direction given, by the
Court under subsection (1) or (2) may alter or affect any person’s rights under the terms of the compromise or arrangement.