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AI Summary of 584. Duty of liquidator to call creditors' meeting if of opinion that company unable to pay its debts
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584. Duty of liquidator to call creditors' meeting if of opinion that company unable to pay its debts
(1) If the liquidator is at any time of the opinion that the company will not be able to pay or discharge its debts and other liabilities in full within the period stated in the declaration concerned referred to in section 207 or 580(2), as the case may be, the liquidator shall -
(a) summon a meeting of creditors for a day not later than the 14th day after the day on which he or she formed that opinion,
(b) send notices of the creditors' meeting to the creditors by post not less than 10 days before the day on which that meeting is to be held,
(c) cause notice of the creditors' meeting to be advertised, at least 10 days before the date of the meeting, once in Iris Oifigiúil and once at least in 2 daily newspapers circulating in the locality in which the company's principal place of business in the State was situated during the relevant period, and
(d) during the period before the day on which the creditors' meeting is to be held, furnish creditors free of charge with such information concerning the affairs of the company as they may reasonably require,
and the notice of the creditors' meeting shall state the duty imposed by paragraph (d).
(1A)[deleted]
(1B) [deleted]