Committee of Inspection directions sought after creditor contributory disagreement; Court to determine existence and membership on Official Liquidator application When a contributories' meeting does not accept the creditors' decision on constitution and composition of a Committee of Inspection, the Official ... Summary
Committee of Inspection directions sought after creditor contributory disagreement; Court to determine existence and membership on Official Liquidator application
When a contributories' meeting does not accept the creditors' decision on constitution and composition of a Committee of Inspection, the Official Liquidator may apply to the Court for directions on whether a Committee should be formed and who its members should be; the prescribed notice advertises the Official Liquidator's application and invites any creditor or contributory to appear and make representations at the hearing.
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