46. Committee of creditors

Where a meeting of the company’s creditors summoned under section 44 has approved the judicial manager’s proposals (with or without modifications), the meeting may, if it thinks fit, establish a committee of creditors to exercise the functions conferred on it under subsection (2).

The committee of creditors may require the judicial manager to attend before it and furnish it with such information relating to the carrying out by him of his functions as it may reasonably require.