Section 48Part 10 — Proceedings Under an Order for a Deed of Arrangement
Deed of arrangement, how made, executed, proved and filed
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the deed must be assented to by a majority in number representing seventy-five per cent in value of the creditors of the debtor, and no creditor shall be reckoned in such majority unless that creditor has proved that creditor’s debt in the manner prescribed; and the assent of a creditor shall be testified by that creditor’s signing the deed of arrangement, or some document in a form prescribed for that purpose;
the deed shall be acknowledged or proved in the manner provided by the Property (Miscellaneous Provisions) Act (2022 Revision);
when the deed has been executed by the debtor an attested copy thereof shall be filed in the Court; and
there shall be filed with the deed —
a list showing the debts and liabilities of the debtor, the time when the same were contracted or incurred and the considerations for the same, the names, residences and occupations of the debtor’s creditors, the respective amounts due to them, all securities held by them and the date when such securities were respectively given;
a detailed statement of the debtor’s debts and property, and the estimated value thereof; and
an affidavit in the prescribed form by the debtor, or some person able to depose thereto, verifying such list and statement,
and such list or statement may, from time to time, be amended by leave of the Court, and every such amendment shall be in like manner verified by affidavit.