1. The Bankruptcy Court shall issue a decision to disapprove or suspend the ratification of the preventive settlement proposal in any of the following cases: a. If the procedures of calling for the meeting or voting therein are invalid. b. if the preventive settlement proposal is not approved by the required majority. c. If the preventive settlement proposal fails to meet the standards of fairness in accordance with the terms set in Article (75.2) of this Law. 2. In case the ratification of the preventive settlement proposal is suspended, the Bankruptcy Court shall state the procedures required to be re-taken or amendments required to be made thereto or the procedures required to be undertaken. A deadline shall be set for the debtor to fulfill the approval of the required majority on the amended proposal, which shall be re-submitted to the Bankruptcy Department for ratification. In the event that the amended preventive settlement proposal is approved by the required majority, the Bankruptcy Court shall ratify the same. If the creditors do not approve the creditors do not approved the amended proposal, the Bankruptcy Court shall decide to disapprove the ratification.
Interpretation and application must be checked against the official text and current version.