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On 31 January 2020 it was reported that a scheme of arrangement was proposed to Honestbee's creditors. With reference to the Malaysian Companies Act 2016,

On 31 January 2020 it was reported that a scheme of arrangement was proposed to Honestbee's creditors. With reference to the Malaysian Companies Act 2016, describe the procedure of application (for creditors' scheme of arrangement) and the legal effect of such an arrangement on the creditors.(25 marks)

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