Insolvency Act 1986

26 Creditors’ committee.E+W+S

(1)Where a meeting of creditors summoned under section 23 has approved the administrator’s proposals (with or without modifications), the meeting may, if it thinks fit, establish a committee (“the creditors’ committee”) to exercise the functions conferred on it by or under this Act.

(2)If such a committee is established, the committee may, on giving not less than 7 days’ notice, require the administrator to attend before it at any reasonable time and furnish it with such information relating to the carrying out of his functions as it may reasonably require.

Modifications etc. (not altering text)

C1S. 26 amended (1.12.2001) by 2000 c. 8, s. 362(5)(b); S.I. 2001/3538, art. 2(1)