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.