438Power of Supreme Court to require reports

438 Power of Supreme Court to require reports

If an application is made to the Supreme Court under this Part in relation to a proposed compromise or arrangement, the court may:

(a) before making an order on the application, require the Registrar or another person to give to the court a report as to:

(i) the terms of the compromise or arrangement or of the scheme for, or in relation to, which the compromise or arrangement has been proposed; and

(ii) the conduct of the officers of the body or bodies concerned; and

(iii) any other matters that, in the opinion of the Registrar or the person, ought to be brought to the attention of the court; and

(b) in deciding the application, have regard to anything contained in the report; and

(c) make any order as to the payment of the costs of preparing and giving the report as the court considers appropriate.