438Power of Supreme Court to require reports

438 Power 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.