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7.32.—(1) Section 63 of the Bankruptcy Act (power of court to cure defects in procedure) shall apply in relation to any insolvency proceedings as it applies in relation to sequestration, subject to the modifications specified in paragraph (2) and to any other necessary modifications.
(2) For any reference in the said section 63 to any expression in column 1 below, there shall be substituted a reference to the expression in column 2 opposite thereto:-
Column 1 | Column 2 |
---|---|
This Act or any regulations made under it | The Act or the Rules |
Permanent trustee | Responsible insolvency practitioner |
Sequestration process | Insolvency proceedings |
Debtor | Company |
Sheriff | The court |
Person who would be eligible to be elected under section 24 of this Act | Person who would be eligible to act as a responsible insolvency practitioner |
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