257. Committee of creditors
(1) The interim administrator shall appoint a committee of creditors with such
number of members as he may determine, but not exceeding seven, and as far as possible a
representative each of every class of creditors should be represented in that committee.
(2) The holding of the meeting of the committee of creditors and the procedure to be
followed at such meetings, including the appointment of its chairperson, shall be decided by
the interim administrator.
(3) The interim administrator may direct any promoter, director or any key managerial
personnel to attend any meeting of the committee of creditors and to furnish such information
as may be considered necessary by the interim administrator.