IBC 133 — Summoning of meeting of creditors

Insolvency & Bankruptcy Code, 2016

Statutory text

(1)  The  bankruptcy  trustee  shall,  within  twenty-one days  from  the  bankruptcy  commencement  date,  issue  a  notice  for  calling  a  meeting  of  the  creditors,  to every creditor of the bankrupt as mentioned in the list prepared under section 132.
(2) The notices issued under sub-section (1) shall—
(a)  state  the  date  of  the  meeting  of  the  creditors,  which  shall  not  be  later  than  twenty-one  days from the bankruptcy commencement date;
(b) be accompanied with forms of proxy voting;
(c) specify the form and manner in which the proxy voting may take place.
(3) The proxy voting, including electronic proxy voting shall take place in such manner and form as may be specified.

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