PART 5Meetings
CHAPTER 1Creditors’ meetings
Quorum at meetings54
1
A meeting of creditors called or summoned by a special administrator is competent to act if a quorum is present.
2
One creditor entitled to vote is a quorum.
3
For the purposes of this rule, the reference to the creditor necessary to constitute a quorum is to those persons present or represented by proxy by any person (including the chair) and includes persons duly represented under section 323 (representation of corporations at meetings) of the Companies Act 200611 as applied by rule 67.
4
If at a meeting of creditors—
a
a quorum is present because only the person presiding at the meeting, or that person and one other person, are present, and
b
the person presiding is aware, because of proofs and proxies received or otherwise, that an additional person or persons would, if attending, be entitled to vote,
the meeting must not commence until at least 15 minutes after the time appointed for its commencement.
5
In this rule “proof” means a document in which a creditor seeks to establish a claim.