• PART 1 PART 1 INTRODUCTORY

    • 1. Formation of creditors' committees

      (1) This Part applies to creditors' committees in —
      (a) an administration;
      (b) an administrative receivership;
      (c) a creditors' voluntary winding-up; and
      (d) a winding-up by the Court.
      (2) A meeting of creditors may establish a creditors' committee, as stated in Section 72 (Creditors' committee) of Part 1 (Administration), Section 161 (Committee of creditors) of Part 2 (Receivership) and Section 230 (Liquidation committee) of Part 3 (Winding-up) and such creditors' committee shall carry out functions conferred on it by or under these Regulations and this Schedule.