Section 66.24 — Bankruptcy and Insolvency Act: Court to hear report of administrator, etc.

The court shall, before approving the consumer proposal, hear the report mentioned in paragraph 66.23(c) and, in addition, shall hear the official receiver, the administrator, the consumer debtor, any opposing, objecting or dissenting creditor or other interested party, and such further evidence as the court may require. Where the court is of the opinion that the terms of the consumer proposal are not reasonable or are not fair to the consumer debtor and the creditors, the court shall refuse to approve the consumer proposal, and the court may refuse to approve the consumer proposal whenever it is established that the consumer debtor has committed any one of the offences mentioned in sections 198 to 200; or was not eligible to make a consumer proposal when the consumer proposal was filed with the official receiver. The court shall refuse to approve a consumer proposal if it does not comply with subsections 66.12(5) and (6). Subject to subsections (1) to (3), the court may either approve or refuse to approve the consumer proposal.