Singapore legislation
Regulation 21
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Regulation 21
Costs of creditors’ meeting
Subregulation 1
Unless the Court otherwise orders —
the costs of summoning and holding a meeting of a bankrupt’s creditors under section 330(1) of the Act or ordered by the Court under section 330(2) of the Act are to be paid out of the estate of the bankrupt as an expense of the bankruptcy; and
the costs of summoning and holding a meeting of a bankrupt’s creditors by the request of the bankrupt’s creditors under section 330(2) of the Act are to be paid by the creditor or creditors who made the request.
Subregulation 2
The creditor or creditors mentioned in paragraph (1)(b) must —
at the time of summoning the meeting, make full payment of the costs; or
before the meeting is summoned, deposit with the trustee of the bankrupt’s estate the sum required by the trustee as security for the payment of the costs.
Subregulation 3
The trustee of the bankrupt’s estate is not required to act without paragraph (2) having been complied with.