Bankruptcy Act, 1988


Winding up by Trustee

Order for winding up.

(1872, ss. 87-122)

110.—If, at the statutory sitting referred to in section 17 (3) or at any adjournment thereof, at least three-fifths in number and value of the creditors voting at the meeting, either in person or by a person authorised in writing in that behalf, by resolution declare that the estate of the bankrupt be wound up by a trustee and a committee of inspection, and appoint for that purpose a trustee and a committee of inspection of not more than five creditors qualified to vote at the meeting, the Court, on application being made to it in that behalf, may order that the property of the bankrupt be so wound up.