Cap. 6activeordinance

Bankruptcy Ordinance

破產條例

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)
.