Companies (Winding Up and Miscellaneous Provisions) Ordinance

Any arrangement entered into between a company about to be, or in the course of being, wound up and its creditors shall, subject to the right of appeal under this section, be binding on the company if sanctioned by a special resolution, and on the creditors if acceded to by three-fourths in number and value of the creditors.
(Amended
6 of 1984 s. 176
)