Cap. 6:07 INSOLVENCY (c) No. 7/2018 when notice \\·as gi\ en of the general meeting at which the resolution was passed, a copy of the notice was furnished to the head office of bondholders with special bonds registered against property of the debtor. (3) Upon receipt of the notice referred to in subsection (2)(b), the Master must appoint a liquidator in accordance with section 41. (4) The notice referred to in subsection (2)(b) must state the following, failing which the resolution will have no force or effect- (a) the date and time of the meeting at which the liquidation resolution is to be considered; and (b) the venue at which such meeting will take place, which \'enue must be accessible to the public. (5) The notice referred to in subsection (2)(b) and (c) must be accompanied by the following, failing which the resolution will have no force or effect- (a) a copy of the statement of affairs of the debtor corresponding substantially to form A contained in the First Schedule; (b) a copy of the liquidation resolution which is to be tabled for adoption at the meeting in question; (c) a certificate of the Master, issued not more than 14 days before the date on which the meeting to pass a liquidation resolution \viii be held, that sufficient security has been given for the payment of all costs of the liquidation of the estate as referred to in section 88. which are not recoverable from the creditors of the estate. (6) A creditor, or any other person who has a financial, administrative or other interest in the affairs of the debtor, whether or not the creditor or other person has been notified of the meeting referred to in paragraph (b) of subsection (2), may(a) before the meeting at which the liquidation resolution is to be adopted takes place, bring an application to Court preventing the debtor in question from adopting the liquidation resolution; or (b) within 14 days after the liquidation resolution has been filed with the Registrar of Deeds, the Registrar of Companies, the Registrar of Cooperatives or other relevant authority in terms of subsection (2)(a), bring an application to have the liquidation resolution set aside: Pro\·ided that such creditor or other person must give, to the Court's satisfaction, sufficient notice to the debtor of the fact that he or she intends to bring an application preventing or setting aside the adoption of the liquidation resolution, as the case may be, and the debtor may oppose such an application: Provided further that the administration of the estate by the liquidator shall not cease as a result of such an application being made, but shall continue subject to any directions by the Court. (7) In an application brought under subsection (6)(a) or (b), the Court may, after having considered the interests of the general body of creditors, set aside or confirm such liquidation resolution, or make such order as it considers appropriate. (8) The filing of a liquidation resolution as contemplated in subsection (2)(a) must comply with the procedures set down from time to time by the Registrar of Deeds, Registrar of Companies, Registrar of Co-operatives or relevant authority, as the case may be: Provided that a liquidation resolution which is not lodged with the Registrar of Deeds, Registrar of Companies, Registrar of Co-operati \·es or other relevant authorit:;., as the case may be, within 30 days from the date of its adoption, lapses. 211

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