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of <h1>Creditors' Meeting Required in Winding-Up | Liquidator's Actions Halted</h1> The High Court of Calcutta held that in a creditors' voluntary winding-up, a meeting of creditors must be convened to appoint a liquidator and establish a ... Winding up – Meeting of Creditors The High Court of Calcutta ruled that in a creditors' voluntary winding-up where procedural requirements were not followed, a meeting of creditors should be held to appoint a liquidator and establish a committee of inspection. The current liquidator was directed to hold off on further winding-up actions pending decisions made at the creditors' meeting. The application was adjourned for a month. (Case citation: 1940 (5) TMI 15)
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