Costs of creditor initiated meetings: deposit required for convening, refundable from company assets if court or creditors direct. A creditor or contributory requesting the liquidator to convene a meeting must deposit a sum computed by the liquidator to cover all necessary disbursements for printing, stationery, postage and room hire; a Judge may require a similar deposit on a court application. The deposited sum is repayable from the company's assets if the Court orders or if creditors by resolution direct repayment. The rule sets a graduated per person cost calculation and excludes meetings summoned by the Official Liquidator under the specified statutory provision and meetings summoned at a creditor's instance under the other specified statutory provision.
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Provisions expressly mentioned in the judgment/order text.
Costs of creditor initiated meetings: deposit required for convening, refundable from company assets if court or creditors direct.
A creditor or contributory requesting the liquidator to convene a meeting must deposit a sum computed by the liquidator to cover all necessary disbursements for printing, stationery, postage and room hire; a Judge may require a similar deposit on a court application. The deposited sum is repayable from the company's assets if the Court orders or if creditors by resolution direct repayment. The rule sets a graduated per person cost calculation and excludes meetings summoned by the Official Liquidator under the specified statutory provision and meetings summoned at a creditor's instance under the other specified statutory provision.
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