When an application is
made to the Supreme Court under this Part in relation to a proposed compromise
or arrangement, the Supreme Court may —
(a)
before making an order on the application, require the Registrar or another
person to give to the Court a report as to —
(i)
the terms of the compromise or arrangement or of the
scheme for, or in relation to, which the compromise or arrangement has been
proposed; and
(ii)
the conduct of the officers of the body or bodies
concerned; and
(iii)
any other matters that, in the opinion of the Registrar
or that person, ought to be brought to the attention of the Court;
and
(b) in
deciding the application, have regard to anything contained in the report; and
(c) make
any order as to the payment of the costs of preparing and giving the report as
the Court considers appropriate.