161. Committee of creditors

(1) When a meeting of creditors is summoned under Section 171(2) (Meeting of creditors), the meeting may, if it thinks fit, establish a committee of creditors to exercise the functions conferred on it by or under these Regulations.
(2) If such a creditors' committee is established —
(a) the relevant provisions of Schedule 7 (Creditors' Committees) shall apply; and
(b) the creditors' committee may, on giving not less than seven (7) days' notice, require the administrative receiver to attend before it at any reasonable time and furnish it with such information relating to the carrying out by him of his functions as it may reasonably require.