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Part 2 · Opening of insolvency proceedings. Recognised assets and parties to proceedings  ›  Division 3 · Insolvency administrator. Bodies representing creditors › Section 78

Repeal of decision taken by creditors’ assembly

(1) If a decision taken by the creditors’ assembly is against the insolvency creditors’ common interest, the insolvency court is to repeal such decision at the request of a creditor with a right to separate satisfaction, of a non-lower-ranking creditor in the insolvency proceedings or of the insolvency administrator if such request is brought during the creditors’ assembly.

(2) Such repeal of a decision is to be published. Any creditor with a right to separate satisfaction and any non-lower-ranking creditor may bring an immediate appeal against a repeal. The requesting party may bring an immediate appeal against an order refusing such repeal.

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