RE:RE:RE:RE:RE:RE:questionsIF the bankrupcy law of Canada is apply to the vote on the I3e offer, all managers, directors and officers of TEI and I3e are not entitled to vote on the offer and all others related persons. All those votes have to be cancelled.
(2) A creditor who is related to the consumer debtor may vote against but not for the acceptance of the consumer proposal.
(3) The administrator, as a creditor, may not vote on the consumer proposal.
Vote of creditors not dealing at arm’s length
(6) If the chair is of the opinion that the outcome of a vote was determined by the vote of a creditor who did not deal with the debtor at arm’s length at any time during the period that begins on the day that is one year before the date of the initial bankruptcy event and that ends on the date of the bankruptcy, the chair shall redetermine the outcome by excluding the creditor’s vote. The redetermined outcome is the outcome of the vote unless a court, on application within 10 days after the day on which the chair redetermined the outcome of the vote, considers it appropriate to include the creditor’s vote and determines another outcome.
Persons not entitled to vote
(3) The following persons are not entitled to vote on the appointment of a trustee — and except with the permission of the court and on any condition that the court may impose, the following persons are not entitled to vote on the appointment of inspectors: (a) the father, mother, child, sister, brother, uncle or aunt, by blood, adoption, marriage or common-law partnership, or the spouse or common-law partner, of the bankrupt; (b) where the bankrupt is a corporation, any officer, director or employee thereof; and (c) where the bankrupt is a corporation, any wholly owned subsidiary corporation or any officer, director or employee thereof.