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Rule 60: When secured creditor can vote · Complied AI

Chapter 37
Rule 60

Rule 60Chapter 37

When secured creditor can vote

When secured creditor can vote.- For the purposes of voting at a meeting, in a winding up by the Tribunal, a secured creditor shall, unless he surrenders his security, state in his aforesaid proof, the particulars of his security, the date when it was given and the value at which it is assessed by a registered valuer, and shall be entitled to vote only in respect of the balance due to him, if any, after deducting the value of his security.

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