Bare ActsThe Travancore-Cochin Insolvency Act, 1956 (No.2 of 1956)

Section 71

Committee of 1,nspection

Amendment status not verified — confirm the current text below against the official source.

Committee of 1,nspection. (1) The Court may, if it thinks fit, authorise the creditors who have proved their debts to appoint a committee of inspection for the purpose of superin- tending the administration of the insolvent's property by the receiver. (2) The persons appomted to a committee of inspection shall be creditors who have proved their debts or persons holdmg general powers-of-attorney from such creditors. (3) The committee of inspection shall have such powers of control over the proceedings of the receiver as may be pres- cribed. Appeal to Court aq~inst Recewer.

Section 71 – The Travancore-Cochin Insolvency Act, 1956 (No.2 of 1956) | DailyLaw.ai