Last Updated: 24 June 2022

[COM 318] Court may order meeting318 

318
(1) Without limiting section 320 or 321, the court may make an order under either of those sections for a meeting of all or any of the debenture holders to be held to give directions to the trustee, and the order may direct the trustee to—
  • (a)place before the debenture holders any information concerning their interests;
  • (b)place before the debenture holders any proposal to protect their interests that the court directs or the trustee considers appropriate; and
  • (c)obtain the debenture holders’ directions concerning the protection of their interests.
(2) The meeting is to be held and conducted in the manner the court directs.