Section 67A of the Provincial Insolvency Act, 1920 – Committee of inspection

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Section 67A: Committee of inspection

(1) The Court may, if it thinks fit authorize the creditors who have proved their debts to appoint a committee of inspection for the purpose of superintending the administration of the insolvent’s property by the receiver. (2) The persons appointed to a committee of inspection shall be creditors who have proved their debts or persons holding general powers-of-attorney from such creditors. (3) The committee of inspection shall have such powers of control over the proceedings of the receiver as may be prescribed.

Source: official text of The Provincial Insolvency Act, 1920 as published on India Code (PDF). All sections of the Provincial Insolvency Act, 1920.

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