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242. Meetings to ascertain wishes of creditors or contributories

Past version: effective from 14/06/2015 - 13/06/2015
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(1) The Court may —
(a) 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 it by any sufficient evidence); and
(b) if it thinks fit, for the purpose of ascertaining those wishes, direct meetings of the creditors, members or contributories to be called, held and conducted, or for resolutions to be proposed by correspondence, in accordance with Schedule 6 (Meetings and Correspondence) or in such other manner as the Court directs, and appoint a person to act as chairman of any such meeting and report the result of it to the Court.
(2) In the case of creditors, regard shall be had to the value of each creditor's debt.
(3) In the case of contributories, regard shall be had to the number of votes conferred on each contributory.