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Companies Act 1985
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583Creditors' meeting in case of insolvency
(1)If the liquidator is at any time of opinion that the company will not be able to pay its debts in full within the period stated in the directors' declaration under section 577, he shall forthwith summon a meeting of the creditors, and shall lay before the meeting a statement of the company's assets and liabilities.
(2)If the liquidator fails to comply with this section, he is liable to a fine.
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