85. Discretionary powers of Official Assignee and control thereof
Feedback & supportSubject to this Act, the Official Assignee shall, in the administration of the property of the bankrupt, have regard to any directions that are given by resolution of the creditors at any general meeting, and to any advice given by the consultative committee, but so that any directions so given by the creditors at any general meeting shall in case of conflict override any advice given by the consultative committee.
property
“property” includes money, goods, things in action, land and every description of property, whether real or personal and whether situate in Singapore or elsewhere; also obligations, easements and every description of estate, interest and profit, present or future, vested or contingent, arising out of or incident to property as above defined;
The Official Assignee may summon general meetings of the creditors for the purpose of ascertaining their wishes, and it shall be his duty to summon meetings at such times as the court directs, or whenever requested in writing to do so by one-fourth in value of the creditors or by the consultative committee.
The Official Assignee may apply to the court as prescribed for directions in relation to any particular matter arising under the bankruptcy.
Subject to this Act, the Official Assignee shall use his own discretion in the administration of the property of the bankrupt.