Insolvency Act · s 170

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s 170Meetings to ascertain wishes of creditors or contributories

(1)

The Court may —

(a)

as to all matters relating to the winding up of a company, have regard to the wishes of the creditors or contributories (as proved to it by sufficient evidence); and

(b)

if it thinks fit, for the purpose of ascertaining those wishes, direct meetings of the creditors or contributories to be called, held and conducted in such manner as the Court directs, and appoint a person to act as chairman of any such meeting and report the result of it to the

Court.

(2)

In the case of creditors, regard shall be had to the value of each creditor’s debt.

(3)

In the case of contributories, regard shall be had to the number of votes conferred on each contributory.