Article 72 - Appointment of Creditors' Committee
(1) The creditors at the meeting to be held under Article 71 or at any subsequent meeting may, if they think fit, appoint a committee of at least three and not more than five persons to exercise the functions conferred on it by or under these
(2) If such a
Creditors' Committee is appointed, the Company may, either at the meeting at which the Resolution For Voluntary Winding Up is passed or at any time subsequently in general meeting, appoint such number of persons, not exceeding five, as it thinks fit to act as members of the Creditors' Committee.
(3) However, the creditors may, if they think fit, resolve that all or any of the persons so appointed by the
Company ought not to be members of the Creditors' Committee; and if the creditors so resolve:
(A) the persons mentioned in the resolution are not then, unless the
QFC Court otherwise directs, qualified to act as members of the Creditors' Committee; and
(B) on any application to the
QFC Court under this provision the QFC Court may, if it thinks fit, appoint other persons to act as such members in place of the persons mentioned in the resolution.