Section 292 — Exercise and control of Company Liquidator’s powers

(1) Subject to the provisions of this
Act, the Company Liquidator shall, in the administration of the assets of the company and the distribution
thereof among its creditors, have regard to any directions which may be given by the resolution of the
creditors or contributories at any general meeting or by the advisory committee.
(2) Any directions given by the creditors or contributories at any general meeting shall, in case of
conflict, be deemed to override any directions given by the advisory committee.
(3) The Company Liquidator—
(a) may summon meetings of the creditors or contributories, whenever he thinks fit, for the purpose
of ascertaining their wishes; and
(b) shall summon such meetings at such times, as the creditors or contributories, as the case may
be, may, by resolution, direct, or whenever requested in writing to d o so by not less than one -tenth in
value of the creditors or contributories, as the case may be.
(4) Any person aggrieved by any act or decision of the Company Liquidator may apply to the Tribunal,