Quorum requirement: absence triggers prescribed adjournment and two present creditors may form a quorum to transact business. If no quorum of creditors or contributories appears within half an hour of the appointed meeting time, the Chairman must adjourn the meeting to a day between seven and fourteen days later (or another appointed day, time or place); at the adjourned meeting, if a quorum remains absent, two creditors or contributories present in person form a quorum and may transact the convened business.
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.
Quorum requirement: absence triggers prescribed adjournment and two present creditors may form a quorum to transact business.
If no quorum of creditors or contributories appears within half an hour of the appointed meeting time, the Chairman must adjourn the meeting to a day between seven and fourteen days later (or another appointed day, time or place); at the adjourned meeting, if a quorum remains absent, two creditors or contributories present in person form a quorum and may transact the convened business.
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