To Give notice of an order of revocation or suspension of a voluntary arrangement refers to the process of officially notifying creditors, shareholders, and other interested parties about a court-issued order that revokes or suspends a previously approved voluntary arrangement (VA) for the company.

A voluntary arrangement is a formal agreement made between a financially troubled company and its creditors to restructure debts or operations. However, in certain circumstances, the court may decide to revoke or suspend the VA due to non-compliance with its terms, failure to meet financial obligations, or other reasons.

To give notice of an order of revocation or suspension of a voluntary arrangement, the court or the relevant party, such as an insolvency practitioner, must inform the concerned parties by issuing an official notice. This notice will outline the court’s decision to revoke or suspend the VA and provide information on the reasons for the order.

The notice typically includes details such as the effective date of the revocation or suspension, any further actions required from the parties involved, and the implications of the court’s decision on the company’s financial affairs and operations.

By giving notice of the order, creditors, shareholders, and other interested parties are informed of the changes to the status of the voluntary arrangement and the implications it may have. It allows them to adjust their expectations, take necessary actions, and protect their interests accordingly.

It is important for all stakeholders to carefully review the notice and seek appropriate legal or financial advice to understand the implications of the order of revocation or suspension of the voluntary arrangement for the company’s future.

These notices are filed with Companies House against the registered company number. All UK company liquidation notices and updates are tracked centrally by Doorda.