Clause 109
Committee of creditors
of Insolvency, Restructuring and Dissolution Bill
BillNot in forceProvision 109 of 531
Clause 109
(1)
Where a meeting of creditors summoned under section 107(1) has approved the judicial manager’s proposals (with or without modifications), the meeting may, if it thinks fit, establish a committee to exercise the functions conferred on the committee under subsection (2).
(2)
If such a committee is established, the committee may require the judicial manager to attend before it and furnish it with such information relating to the carrying out by the judicial manager of the judicial manager’s functions as the committee may reasonably require.