Article 179 of Bankruptcy Law

The trustee shall invite the debtor and the creditors to a meeting to submit their proposals concerning liquidation and distribution, provided that the meeting is held within ten days from the date on which the trustee receives the debtor’s assets pursuant to Article 142 of this Law. The invitation shall be made by notification at least ten days before the date fixed for the meeting. The trustee shall chair the meeting, and, with the approval of the required majority, one of the creditors or another person may be appointed to chair the meeting if there are reasons justifying that. The Bankruptcy Committee shall be invited to attend the meeting if the indebtedness is subject to its supervision. The bankruptcy judge shall, upon an application submitted to him by an interested party, decide within ten days of the submission of the application any dispute arising concerning creditors’ meetings held pursuant to this Part, whether the dispute concerns who has the right to call the meeting, attend it or vote therein, or the validity of the procedures for holding the meeting and voting therein. The bankruptcy judge may, upon the application of a creditor, entrust the Bankruptcy Committee, if the indebtedness is subject to its supervision, with calling those meetings and authorising one of its members to chair them if the trustee has not Index of the Law 1429 Home Page Bankruptcy Law Law No. 71 of 2020 Promulgating the Bankruptcy Law held them on the dates specified for holding them.