The outcome of the creditors' decision is open to challenge and this
chapter considers the grounds and the procedures on which such
challenges can be brought. It examines in detail who may challenge
the outcome under section 262 of the Insolvency Act 1986 and on what
grounds, taking a detailed look at each ground in turn (unfair
prejudice and material irregularity), the approach of the court to
each ground, the possible relief that the court may grant and the
procedural requirements that follow. The chapter concludes with a
review of various alternative avenues of redress, including in
particular the process whereby decisions taken in the course of the
decision procedure may be appealed to the court, the possibility of
bankruptcy (considered in more detail in a later chapter), criminal
sanctions and applications relating to antecedent transactions.
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