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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 December 2021 - onwards
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558U. Notice of meeting under section 558T

(1) This section applies where a process adviser calls a meeting under section 558T.

(2) The process adviser shall, at least 7 days before the day appointed for the meeting, give notice in writing in the prescribed form to every person entitled to attend the meeting of the time and place appointed for the meeting.

(3) Notice under this section shall be accompanied by -

(a) the rescue plan prepared under section 558Q,

(b) a statement of the assets and liabilities (including contingent and prospective liabilities) of the eligible company as at the date on which the rescue plan was prepared under that section,

(c) a description of the likely financial outcome of a winding up of the eligible company or of the application of a receivership to that company for each class of members and creditors,

(d) a statement by the process adviser explaining -

(i) the effect of the rescue plan,

(ii) the reasons why it is fair and equitable and not unfairly prejudicial,

(iii) the likely consequences of a

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