Section 493

(1) The administrator shall summon further creditors' meeting if-

(a) it is requested in the prescribed manner by creditors of the company whose debts amount to at least 10% of the total debts of the company; or

(b) he is directed by the Court to summon a creditors' meeting.

(2) An administrator commits an offence if he fails, without reasonable excuse, to summon a creditors' meeting as required by this section.