A Notice of Order of Revocation or Suspension of Company Voluntary Arrangement refers to a legal document that informs creditors, shareholders, and other interested parties about a court’s decision to revoke or suspend a previously approved company voluntary arrangement (CVA).

A company voluntary arrangement is a formal agreement made between a financially troubled company and its creditors to restructure its debts or operations. It allows the company to repay its debts over a specified period or reach other arrangements with its creditors. However, in certain circumstances, the court may decide to revoke or suspend a CVA.

If the court issues a Notice of Order of Revocation of Company Voluntary Arrangement, it means that the court has decided to cancel and invalidate the previously approved CVA. This could occur due to non-compliance with the terms of the arrangement, failure to meet financial obligations, or other reasons determined by the court. The company will no longer be bound by the terms and conditions of the CVA.

On the other hand, if the court issues a Notice of Order of Suspension of Company Voluntary Arrangement, it means that the court has temporarily halted the implementation and operation of the previously approved CVA. The suspension may be initiated to address specific issues or disputes related to the CVA or to allow for a reconsideration or modification of the terms.

Both notices serve as formal notifications to creditors, shareholders, and other interested parties regarding the court’s decision to revoke or suspend the CVA. The notices may include the reasons for the court’s decision, the effective date of the revocation or suspension, and any further instructions or actions required from the parties involved.

It is important for all stakeholders to carefully review and understand the implications of the Notice of Order of Revocation or Suspension of Company Voluntary Arrangement, as it may have significant consequences for the company’s financial affairs and future plans.

All UK company liquidation notices and updates are tracked centrally by Doorda.