Section 16, The Bankruptcy Act, 2009

(1) As soon as may be after the making of a receivingorder against a debtor, a general meeting of his creditors (in this Act referred to as the first meeting of creditors) shall be held for the purpose of considering whether a proposal for a composition or scheme of arrangement shall be accepted, or whether it is expedient that the debtor is adjudged bankrupt, and generally as to the mode of dealing with the debtor’s property. (2) The Attorney-General shall prescribe rules for the summoning of and proceedings of the first and other meetings of Debtor’s statement