Companies (Amendment) (No. 2) Act, 1999
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Creditors to be heard. |
10.—The Act of 1990 is hereby amended by the insertion of the following section after section 3A (inserted by section 9 ): | |
“3B. (1) The court shall not make an order dismissing a petition presented under section 2 or an order appointing an examiner to a company without having afforded each creditor of the company who has indicated to the court his desire to be heard in the matter an opportunity to be so heard. | ||
(2) Nothing in this section shall affect the power of the court under section 3(7) to make an interim order in the matter.”. |