Bankruptcy Ordinance

(1)
Where it appears to the court on application being made by the Official Receiver, the trustee or any creditor at any time after the presentation of a bankruptcy petition, that by reason of the large number of creditors or for any other reason the interest of the creditors so requires, it may, on or after the making of a bankruptcy order, order that the bankruptcy proceedings shall be regulated specially by the court, and such order shall be known as a regulating order.
(Amended
76 of 1996 s. 73
;
18 of 2005 s. 38
)
(2)
A regulating order shall be published in such manner as the court may direct, and
sections 100B to 100H
inclusive shall apply to the bankruptcy proceedings where a regulating order has been made but not otherwise.
(3)
Where a regulating order is made the Bankruptcy Rules (
Cap. 6 sub. leg. A
) shall apply mutatis mutandis to the Official Receiver, trustee and creditors’ committee appointed or acting after the making of a regulating order, and to the conduct of any ballot or other proceedings ordered by the court under
section 100B
or
100F
.
(Amended
76 of 1996 s. 74
)
(4)
Where any order made under
sections 100B to 100G
inclusive prescribes any procedure it shall be deemed to be in substitution for the procedure which would be required by this Ordinance but for the making of such order, and in particular where any such order prescribes a procedure for doing something which would otherwise be done at a meeting of creditors no such meeting shall be required to be held.