State Act

71

Section 71. Committee of Inspection.

THE INSOLVENCY ACT, 1955

Act no. 2 of 19561956In forceKerala (State Act)

71. Committee of Inspection.—(1) The Court may, if it thinks fit, authorise the creditors who have proved their debts to appoint a committee of inspection for the purpose of superintending the administration of the insolvent’s property by the receiver. (2) The persons appointed to a committee of inspection shall be creditors who have proved their debts or persons holding general powers-of-attorney from such creditors. (3) The committee of inspection shall have such powers of control over the proceedings of the receiver as may be prescribed.