Full legislation
s.17B
Power of creditors to requisition meeting
(1)
Where in the case of any bankruptcy, the provisional trustee has not yet summoned, or has decided not to summon, a general meeting of the bankrupt’s creditors for the purpose of appointing a trustee under
section 17
, any creditor of the bankrupt may request the provisional trustee to summon such a meeting for that purpose.
(2)
If such a request appears to the provisional trustee to be made with the
concurrence of not less than
one-fourth
in value of the bankrupt’s creditors (including the creditor making the request), it
is the duty of the provisional trustee to summon the requested meeting.
(Amended
E.R. 1 of 2019
)
(3)
Where subsection (2) applies, the provisional trustee is required neither to reach a decision for the purposes of
section 17A
nor (if he has reached one) to serve any notice under
section 17A(3)
.