Chapter-12 Provisions on Mandatory Liquidation of Bank or Financial Institutions

Section 89: Meeting of Creditors

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1) The creditors of the bank or financial institution having its mandatory liquidation process initiated may form a Meeting of Creditors for mutual discussions and consensus.

2) Subject to the directives given and conditions as prescribed by the Rastra Bank, the Liquidator of the bank or financial institution subject to mandatory liquidation may have discussions and build consensus as may be necessary with the creditors and borrowers of such bank or financial institution.

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Section 89: Meeting of Creditors

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