Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 161:

In page 424, between lines 30 and 31, to insert the following:"(a) section 480 (preservation of rights of holders of securities),".

The purpose of this amendment is to include a reference to the application of section 480 where the summary approval procedure is employed. As the Bill currently stands, the application of section of section 480 is excluded. This is not what was intended. Without the amendment, the rights of the creditors may be infringed.

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