Singapore legislation
Section 267
Section 267
Powers of trustee to apply to court for directions, etc.
(1)
A trustee for the holders of debentures may apply to the court —
for directions in relation to any matter arising in connection with the performance of the functions of the trustee; or
to determine any question in relation to the interests of the holders of debentures.
(2)
The court may —
give such directions to the trustee as the court thinks fit; and
if satisfied that the determination of the question will be just and beneficial, accede wholly or partially to any such application on such terms and conditions as the court thinks fit or make such other order on the application as the court thinks just.
(3)
The court may, on an application under this section, order a meeting of all or any of the holders of debentures to be called to consider any matters in which they are concerned and to advise the trustee on those matters and may give such ancillary or consequential directions as the court thinks fit.
(4)
The meeting must be held and conducted in such manner as the court directs, by a chairperson nominated by the trustee or such other person as the meeting appoints.