Section 228 — Companies Act 1993: Compromise proposal

228 Compromise proposal (1) Any of the following persons may propose a compromise under this Part of this Act if that person has reason to believe that a company is or will be unable to pay its debts within the meaning of section 287 of this Act— (a) The board of directors of the company: (b) A receiver appointed in relation to the whole or substantially the whole of the assets and undertaking of the company: (c) A liquidator of the company: (d) With the leave of the Court, any creditor or shareholder of the company. (2) Where the Court grants leave to a creditor or shareholder under subsection (1)(d) of this section, the Court may make an order directing the company to supply to the creditor or shareholder, within such time as may be specified, a list of the names and addresses of the company's creditors showing the amounts owed to each of them or such other information as may be specified to enable the creditor or shareholder to propose a compromise.