When pursuant to section 257 the debtor's creditors have decided whether to approve the debtor's proposal (with or without modifications), the nominee (or the nominee's replacement under section 256(3) or 256A(4)) must—
give notice of the creditors' decision to such persons as may be prescribed, and
where the creditors considered the debtor's proposal pursuant to a report to the court under section 256(1)(aa), report the creditors' decision to the court.
If the report is that the creditors have declined (with or without modifications) to approve the voluntary arrangement proposed under section 256, the court may discharge any interim order which is in force in relation to the debtor.