Companies—Scheme of arrangement

In respect of the jurisdiction to sanction a scheme under s 899 of the Companies Act 2006, the court had to be satisfied that: (i) the meeting or meetings of creditors had been summoned and held in accordance with the order of the court convening the meeting of creditors; (ii) the proposed scheme had been approved by the requisite majority of those present and voting at the meeting or meetings; and (iii) the creditors were treated in appropriate classes for the purpose of convening the meeting or meetings.