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What is called meeting of creditors?

It is also referred to as a 341 meeting because it is mandated by Section 341 of the Bankruptcy Code. Creditors are not required to attend these meetings, and do not waive any rights if they do not attend.

Who will conduct the meeting of creditors?

(1) The bankruptcy trustee shall be the convener of the meeting of the creditors summoned under section 133. (2) The bankruptcy trustee shall decide the quorum for the meeting of the creditors, and conduct the meeting only if the quorum is present.

What is notice for a meeting?

The notice of meeting informs the members when and where the meeting will be. The agenda informs the members what is to be discussed and done at the meeting so that the members can decide: if they want to attend the meeting; and.

What is form no CAA 2?

CAA.2- Notice and Advertisement of notice of the Meeting of creditors or members.

What is Section 230 of the Companies Act 2013?

Section 230(1): Application to be submitted Upon the receipt of such an application, the tribunal sets up a meeting between all the creditors or class of creditors, or members or class of creditors and such a meeting is conducted as per the tribunals directions.