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71. Further creditors' meetings

(1) The administrator of a Company shall summon a creditors' meeting if —
(a) it is requested in the prescribed manner by creditors of the Company whose debts amount to at least ten (10)% of the total debts of the Company; or
(b) he is directed by the Court to summon a creditors' meeting.
(2) An administrator of a Company commits a contravention and is liable to a fine at the relevant level set out in the Fines Schedule if he fails without reasonable excuse to summon a creditors' meeting as required by this Section.