In the cases referred to in section 160, the insolvency administrator is to inform the debtor before the creditors’ committee or assembly take a decision if provision of such information is possible without detrimentally delaying the insolvency proceedings. If the creditors’ assembly has not given its consent, then at the request of the debtor or of a majority of creditors qualifying under section 75 (1) no. 3 and after hearing the administrator, the insolvency court may provisionally prohibit the transaction and convene a creditors’ assembly so that a decision may be taken on the transaction.
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Part 4 · Management and disposal of insolvency estate › Division 2 · Decision on realisation › Section 161
Provisional prohibition of transaction
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