Liquidation meetings determine creditors' and contributories' wishes in winding-up, convened under company rules and court control. Rule 197 permits the Official Liquidator in a Court winding-up to summon and hold meetings of creditors and contributories to ascertain their wishes, conducted under the Companies Court Rules and subject to the Court's control. In a creditors' voluntary winding-up, the liquidator or a creditor may convene meetings of creditors-termed voluntary liquidation meetings-to ascertain creditor wishes, and such meetings are governed by the Act and these Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidation meetings determine creditors' and contributories' wishes in winding-up, convened under company rules and court control.
Rule 197 permits the Official Liquidator in a Court winding-up to summon and hold meetings of creditors and contributories to ascertain their wishes, conducted under the Companies Court Rules and subject to the Court's control. In a creditors' voluntary winding-up, the liquidator or a creditor may convene meetings of creditors-termed voluntary liquidation meetings-to ascertain creditor wishes, and such meetings are governed by the Act and these Rules.
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