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Union of India - Section

Section 26 in Presidency-towns Insolvency Act, 1909

26. Meetings of creditors.

(1)At any time after the making of an order of adjudication against an insolvent, the Court, on the application of a creditor or of the official assignee, may direct that a meeting of creditors shall be held to consider the circumstances of the insolvency and the insolvent' s schedule and his explanation thereof and generally as to the mode of dealing with the property of the insolvent.
(2)With respect to the summoning of and proceedings at a meeting of creditors the rules in the First Schedule shall be observed.