Meeting of creditors.

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....o be proposed, and shall cause notices of the meeting of creditors to be sent by post to the creditors simultaneously with the sending of the notices of the meeting of the company. (2) The company shall cause notice of the meeting of the creditors to be advertised once at least in the Official Gazette and once at least in two newspapers circulating in the district where the registered office or....

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.... the meeting of the creditors held in pursuance of sub-section (1) shall have effect as if it had been passed immediately after the passing of the resolution for winding up the company. (6) If default is made^____      (a) by the company, in complying with sub-sections (1) and (2);      (b) by its Board of directors, in complying with sub-section (3....