The Court may, if it so thinks fit, authorize the creditors who have proved to appoint from among the creditors or holders of general proxies or general powers-of-attorney from such creditors, a committee of inspection for the purpose of superintending the administration of the insolvents property by the official assignee:
Provided that a creditor, who is appointed a member of a committee of inspection, shall not be qualified to act until he has proved.
The committee shall have such powers of control over the proceedings of the official assignee as may be prescribed.
This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Persons accessing this site are encouraged to seek independent counsel for advice in India abroad regarding their individual legal, civil criminal issues or consult one of the experts online.