# The Insolvency Rules 1986, Rule 2.37: Meeting requisitioned by creditors


(1) The request for a creditors' meeting under paragraph 52(2) or 56(1) shall be in [FORM 2.15]Form 2.21B. A request for an initial creditors' meeting shall be made within 12 days of the date on which the administrator’s statement of proposals is sent out. A request under paragraph 52(2) or 56(1) shall include—
(a) a list of the creditors concurring with the request, showing the amounts of their respective debts in the administration;
(b) from each creditor concurring, written confirmation of his concurrence; and
(c) a statement of the purpose of the proposed meeting,
but sub-paragraph (a) does not apply if the requisitioning creditor’s debt is alone sufficient without the concurrence of other creditors.
(2) A meeting requested under paragraph 52(2) or 56(1) shall be held within 28 days of the administrator’s receipt of the notice requesting the meeting.
(3) The expenses of summoning and holding a meeting at the request of a creditor shall be paid by that person, who shall deposit with the administrator security for their payment.
(4) The sum to be deposited shall be such as the administrator may determine, and he shall not act without the deposit having been made.
(5) The meeting may resolve that the expenses of summoning and holding it are to be payable out of the assets of the company as an expense of the administration.
(6) To the extent that any deposit made under this Rule is not required for the payment of expenses of summoning and holding the meeting, it shall be repaid to the person who made it.

---
Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/2.37 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-2.37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.