Bankruptcy Act · 2021 Revised Edition · Part 5
82. Discretionary powers of trustee and control thereof
Official textFrom Attorney General's Chambers, unchanged
Subject to the provisions of this Act, the trustee shall. in the a administration of the property of the bankrupt and in the distribution thereof amongst his creditors, have regard to any directions that may be given by resolution of the creditors at any general meeting or by the committee of inspection and any directions so given by the creditors at any general meeting, in case of conflict, is deemed to override any directions given by the committee of inspection.
The trustee may summon general meetings of the creditors for the purpose of ascertaining their wishes and it shall be his duty to summon meetings at such times as the creditors, by resolution, either at the meeting appointing the trustee or otherwise, may direct and it shall be lawful for any creditor, with the concurrence of one-fourth in value of the creditors
(including himself), at any time to request the trustee or Official Receiver to call a meeting of the creditors, and the trustee or Official Receiver shall call such meeting accordingly within 14 days:
Provided that the person at whose instance the meeting is summoned shall, if so required, deposit with the trustee or the Official Receiver, as the case may be, a sum sufficient to pay the costs of summoning the meeting, such sum to be repaid to him out of the estate if the Court so directs.
The trustee may apply to the Court in manner prescribed for directions in relation to any particular matter arising under the bankruptcy.
prescribed
"prescribed" means prescribed by general rules within the meaning of this Act;
Subject to the provisions of this Act, the trustee shall use his discretion in the management of the estate and its distribution among the creditors.
Terms defined in s 2
prescribed
Defined · s 2"prescribed" means prescribed by general rules within the meaning of this Act;
property
Defined · s 2"property" includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Brunei Darussalam or elsewhere, also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;