Section 26: Meetings of creditors — Insolvancy (Karachi Division) Act, 1909

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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26. Meetings of creditors.—(1) At any time after the making of an order of adjudication against an insolvent, the Court, on the application of a creditor or of the official assignee, may direct that a meeting of creditors shall be held to consider the circumstances of the insolvency and the insolvent’s schedule and his explanation thereof and generally as to the mode of dealing with the property of the insolvent. (2) With respect to the summoning of and proceedings at a meeting of creditors the rules in the First Schedule shall be observed.

Effective date: 1909-01-01

Related sections

Section 25: Protection order Section 27: Public examination of the insolvent Section 24: Insolvent’s schedule Section 28: Submission of proposal and acceptance by creditors Section 23: Proceedings on annulment Section 29: Approval of proposal by Court

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