Commentary

38 Creditors: requisition of a physical meeting

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

38 Creditors: requisition of a physical meeting

| Commentary

38 Creditors: requisition of a physical meeting

If at least: (a) 10% in value of the creditors or (b) 10% in number of the creditors or (c) 10 creditors make a written request to the nominee in that the decision be made by a creditors' meeting he must summon a creditors' meeting1. It is clear from the content of the rules that creditors do not have to join together to serve a single notice. What is envisaged is a form of preliminary voting which puts the onus on the nominee to check whether any requests for a physical meeting are

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