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Companies (Amendment) (No. 2) Act, 1999

Creditors to be heard.

10.—The Act of 1990 is hereby amended by the insertion of the following section after section 3A (inserted by section 9 ):

“3B. (1) The court shall not make an order dismissing a petition presented under section 2 or an order appointing an examiner to a company without having afforded each creditor of the company who has indicated to the court his desire to be heard in the matter an opportunity to be so heard.

(2) Nothing in this section shall affect the power of the court under section 3(7) to make an interim order in the matter.”.