Article 164 Quorum at meeting of creditors
Any meeting of creditors in postal administration proceedings is competent to act if a quorum is present.
Subject to paragraph (3) of this Rule, a quorum is at least one creditor entitled to vote.
For the purposes of this Rule, the reference to the creditor necessary to constitute a quorum is to those persons present or represented by proxy by any person (including the chairman) and in the case of orderly proceedings under Parts ll to Vll of the Order includes persons duly represented under section 323 of the Companies Act.
Where at any meeting of creditors—
the provisions of this Rule as to a quorum being present are satisfied by the attendance of—
the chairman alone, or
one other person in addition to the chairman, and
the chair is aware, by virtue of proofs and proxies received or otherwise, that one or more additional persons would, if attending, be entitled to vote,
the meeting shall not commence until at least the expiry of 15 minutes after the time appointed for its commencement.