A Notice of Order of Revocation or Suspension of 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 voluntary arrangement (VA).

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

If the court issues a Notice of Order of Revocation of Voluntary Arrangement, it means that the court has decided to cancel and invalidate the previously approved VA. 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 VA.

On the other hand, if the court issues a Notice of Order of Suspension of Voluntary Arrangement, it means that the court has temporarily halted the implementation and operation of the previously approved VA. The suspension may be initiated to address specific issues or disputes related to the VA 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 VA. 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 crucial for all stakeholders to carefully review and understand the implications of the Notice of Order of Revocation or Suspension of Voluntary Arrangement, as it may have significant consequences for the company’s financial affairs and future plans.

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