592
Committee
46 & 47 Vict. c. 52, s. 22.
No. 7 of 1891.
BANKRUPTCY.
21.-(1) At the first or any subsequent meeting the creditors may, by ordinary resolution, appoint from among the creditors qualified to vote or the holders of general proxies or general powers of attorney a committee of inspection, consisting of three persons, for the purpose of superintending the administration of the bankrupt's property by the trustee.
Power to accept composition or scheme after adjudication, etc.
46 & 47 Vict. c. 52, s. 23.
Duties of debtor as to
(2) Any two members of the committee may act.
(3) On a vacancy occurring by death, resignation, incapacity, or otherwise, the trustee shall summon a meeting of creditors for the purpose of filling the vacancy, but the continuing members may act notwithstanding the vacancy.
(4) If there is no committee of inspection, any act or thing or any direction or permission by this Ordinance authorised or required to be done or given by the committee may be done or given by the court on the application of the trustee.
22. (1) Where a debtor is adjudged bankrupt the creditors may, if they think fit, at any time after the adjudication, by special resolution, resolve to entertain a proposal for a composition or scheme of arrangement of the bankrupt's affairs; and thereupon the same proceedings shall be taken and the same consequences shall ensue as in the case of a composition or scheme accepted before adjudication.
(2) When a composition or scheme is approved by the court after adjudication, or if the court is satisfied, by fresh evidence or otherwise, that the debtor ought not to have been adjudged bankrupt, or when the debts of the bankrupt are all paid in full, with interest, the court may annul the adjudication, but such annulment shall not invalidate or affect acts theretofore done by the Official Receiver, trustee, or manager, or any person acting under their authority or under the authority of the court.
Control over person and property of debtor.
23. (1) Every debtor against whom a receiving order is made shall, unless prevented by sickness or other sufficient cause, attend the first meeting of his creditors and shall submit to such examination and give such information as the meeting may require.
46 & 47 Vict. c. 52, s. 24.
discovery and realization of property.
Page 15
Page 16
592
Committee
46 & 47 Vict. e. 52, s. 22.
No. 7 of 1891.
BANKRUPTCY.
21.-(1) At the first or any subsequent meeting the of inspection. creditors may, by ordinary resolution, appoint from among the creditors qualified to vote or the holders of general proxies or general powers of attorney a committee of inspection, consisting of three persons, for the purpose of superintending the administration of the bankrupt's property by the trustee.
Power to accept compositionor
scheme after
adjudication,
etc.
46 & 47 Vict.
c. 52, s. 23.
Duties of debtor as to
(2) Any two members of the committee may act.
(3) On a vacancy occurring by death, resignation, in- capacity, or otherwise, the trustee shall summon a meeting of creditors for the purpose of filling the vacancy, but the continuing members may act notwithstanding the vacancy.
(4) If there is no committee of inspection, any act or thing or any direction or permission by this Ordinance authorised or required to be done or given by the committee may be done or given by the court on the application of the trustee.
22. (1) Where a debtor is adjudged bankrupt the creditors may, if they think fit, at any time after the adjudica- tion, by special resolution, resolve to entertain a proposal for a composition or scheme of arrangement of the bankrupt's affairs; and thereupon the same proceedings shall be taken and the same consequences shall ensue as in the case of a composition or scheme accepted before adjudication.
(2) When a composition or scheme is approved by the court after adjudication, or if the court is satisfied, by fresh evidence or otherwise, that the debtor ought not to have been adjudged bankrupt, or when the debts of the bankrupt are all paid in full, with interest, the court may annul the adjudication, but such annulment shall not invalidate or affect acts theretofore done by the Official Receiver, trustee, or manager, or any person acting under their authority or under the authority of the court. ·
Control over person and property of debtor.
23. (1) Every debtor against whom a receiving order is discovery and made shall, unless prevented by sickness or other sufficient - realization of cause, attend the first meeting of his creditors and shall 46 & 47 Vict. submit to such examination and give such information as the c. 52, s. 24. meeting may require.
property.
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