a meeting of the company is summoned to consider the proposed voluntary arrangement, and

the company's creditors are asked to decide whether to approve the proposed voluntary arrangement.

any preferential debt of the company is to be paid otherwise than in priority to such of its debts as are not preferential debts, F32...

any ordinary preferential debt of the company is to be paid otherwise than in priority to any secondary preferential debts that it may have,

a preferential creditor of the company is to be paid an amount in respect of F35an ordinary preferential debt that bears to that debt a smaller proportion than is borne to F36another ordinary preferential debt by the amount that is to be paid in respect of that other debt F34, F40...

a preferential creditor of the company is to be paid an amount in respect of a secondary preferential debt that bears to that debt a smaller proportion than is borne to another secondary preferential debt by the amount that is to be paid in respect of that other debt.F41or

in the case of a company which is a relevant financial institution (see section 387A), any non-preferential debt is to be paid otherwise than in accordance with the rules in section 176AZA(2) or (3).

moratorium debts (within the meaning given by section 174A);

priority pre-moratorium debts (within the meaning given by section 174A).

report the creditors' decision to the court, and

immediately after reporting to the court, give notice of the creditors' decision to such persons as may be prescribed.

it has been taken by F52the meeting of the company summoned under section 3 and by the company's creditors pursuant to that section, or

(subject to any order made under subsection F82(6)) it has been taken by the F53company's creditors pursuant to that section.

the day on which the decision was taken by the F55company's creditors, or

where the decision of the company meeting was taken on a later day, that day.

where the regulated company is a PRA-regulated company F81as defined by section A49(13), the Financial Conduct Authority and the Prudential Regulation Authority, and

in any other case, the Financial Conduct Authority.

order the decision of the company meeting to have effect instead of the decision of the F56company's creditors, or

make such other order as it thinks fit.

takes effect as if made by the company at the F57time the creditors decided to approve the voluntary arrangement, and

when the arrangement ceases to have effect any amount payable under the arrangement to a person bound by virtue of subsection (2)(b)(ii) has not been paid, and

the arrangement did not come to an end prematurely,

by order stay or sist all proceedings in the winding up or F6provide for the appointment of the administrator to cease to have effect;

give such directions with respect to the conduct of the winding up or the administration as it thinks appropriate for facilitating the implementation of the F4... voluntary arrangement.

at any time before the end of the period of 28 days beginning with the first day on which each of the reports required by section 4(6) F59and (6A) has been made to the court, or

at any time when an application under the next section or an appeal in respect of such an application is pending, or at any time in the period within which such an appeal may be brought.

the court has given the Secretary of State or the Gas and Electricity Markets Authority a reasonable opportunity of making representations to it about the proposed order or direction; and

the order or direction is consistent with the objective of the energy administration.

that a voluntary arrangement F8which has effect under section 4A unfairly prejudices the interests of a creditor, member or contributory of the company;

that there has been some material irregularity at or in relation to F60the meeting of the company, or in relation to the relevant qualifying decision procedure.

the “relevant qualifying decision procedure” means the qualifying decision procedure in which the company's creditors decide whether to approve a voluntary arrangement;

references to a decision made in the relevant qualifying decision procedure include any other decision made in that qualifying decision procedure.

a person entitled, in accordance with the rules, to vote at F62the meeting of the company or in the relevant qualifying decision procedure;

a person who would have been entitled, in accordance with the rules, to vote F63in the relevant qualifying decision procedure if he had had notice of it;

the nominee or any person who has replaced him under section 2(4) or 4(2); and

if the company is being wound up or F11is in administration, the liquidator or administrator.

by the Secretary of State, or

with the consent of the Secretary of State, by the Gas and Electricity Markets Authority,

after the end of the period of 28 days beginning with the first day on which each of the reports required by section 4(6) F64and (6A) has been made to the court F14or

in the case of a person who was not given notice of the F65relevant qualifying decision procedure, after the end of the period of 28 days beginning with the day on which he became aware that F66the relevant qualifying decision procedure had taken place,

revoke or suspend F16any decision approving the voluntary arrangement which has effect under section 4A or, in a case falling within subsection (1)(b), any F17decision taken by the meeting F68of the company, or in the relevant qualifying decision procedure, which has effect under that section;

give a direction to any person for the summoning of F69a further company meeting to consider any revised proposal the person who made the original proposal may make or, in the case falling within subsection (1)(b), F70and relating to the company meeting, a further company meeting to reconsider the original proposal;

gives a direction under subsection (4)(b) F74or (c), or

revokes or suspends an approval under subsection (4)(a) or (5),

F20a decision taken at a F76company meeting summoned under section 3 is not invalidated by any irregularity at or in relation to the meeting F77, and

a decision of the company's creditors made in the relevant qualifying decision procedure is not invalidated by any irregularity in relation to the relevant qualifying decision procedure.

makes any false representation, or

fraudulently does, or omits to do, anything,

on the nominee by virtue of the approval F78of the voluntary arrangement by the company or its creditors (or both) pursuant to section 3,

by virtue of section 2(4) or 4(2) on a person other than the nominee,

confirm, reverse or modify any act or decision of the supervisor,

give him directions, or

make such other order as it thinks fit.

may apply to the court for directions in relation to any particular matter arising under the voluntary arrangement, and

is included among the persons who may apply to the court for the winding up of the company or for an administration order to be made in relation to it.

it is expedient to appoint a person to carry out the functions of the supervisor, and

it is inexpedient, difficult or impracticable for an appointment to be made without the assistance of the court,

report the matter to the appropriate authority, and

provide the appropriate authority with such information and give the authority such access to and facilities for inspecting and taking copies of documents (being information or documents in the possession or under the control of the F87... supervisor and relating to the matter in question) as the authority requires.

no evidence relating to the answer may be adduced, and

no question relating to it may be asked,

an offence under section 2 or 5 of the M1Perjury Act 1911 (false statements made on oath otherwise than in judicial proceedings or made otherwise than on oath), or

an offence under section 44(1) or (2) of the M2Criminal Law (Consolidation) (Scotland) Act 1995 (false statements made on oath or otherwise than on oath).