Meetings to ascertain wishes of creditors or contributories :
section – 354. (1) In all matters relating to the winding up of a company, the Tribunal may—
(a) | have regard to the wishes of creditors or contributories of the company, as proved to it by any sufficient evidence; | |
(b) | if it thinks fit for the purpose of ascertaining those wishes, direct meetings of the creditors or contributories to be called, held and conducted in such manner as the Tribunal may direct; and | |
(c) | appoint a person to act as chairman of any such meeting and to report the result thereof to the Tribunal. |
(2) While ascertaining the wishes of creditors under sub-section (1), regard shall be had to the value of each debt of the creditor.
(3) While ascertaining the wishes of contributories under sub-section (1), regard shall be had to the number of votes which may be cast by each contributory.