Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 8 · Winding Up
201. Meetings to ascertain wishes of creditors or contributories
Feedback & supportThe Court may —
as to all matters relating to the winding up of a company, have regard to the wishes of the creditors or contributories as proved to the Court by any sufficient evidence;
if the Court thinks fit for the purpose of ascertaining those wishes, direct meetings of the creditors or contributories to be called, held and conducted in such manner as the Court directs; and
appoint a person to act as chairperson of any such meeting and to report the result of that meeting to the Court.
In the case of creditors, regard must be had to the value of each creditor’s debt.
creditor
“creditor”, in relation to a debtor proposing a voluntary arrangement under Part 14, means a creditor to whom the debtor owes a debt provable in bankruptcy;
In the case of contributories, regard must be had to the number of votes conferred on each contributory by the Companies Act 1967 or the constitution of the company.
contributory
“contributory” has the meaning given by section 4(1) of the Companies Act 1967;