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Section 422

Committee of creditors

of Companies Act 2016

ActIn forceProvision 422 of 768
Section 422

Where a creditors’ meeting held under section 421 has approved the judicial manager’s proposals with or without modifications the meeting may, establish a committee of creditors, which if it thinks fit may require the judicial manager to attend before the meeting and furnish the meeting with such information relating to the carrying out by the judicial manager of his functions as the meeting may reasonably require.