Section 26. Meeting of creditors

26. Meeting of creditors.-- (1) At any time after the making of an order of adjudication against an insolvent, the Court, on the application of a creditor or of the official assignee, may direct that a meeting of creditors shall be held to consider the circumstances of the insolvency and the insolvent's schedule and his explanation thereof and generally as to the mode of dealing with the property of the insolvent. 1. The words "in the Gazette of India and" rep. by the A.O.1937. (2) With respect to the summoning of and proceedings at a meeting of creditors the rules in the First Schedule shall be observed. 26. Court may expunge proof improperly received.-- If the official assignee thinks that a proof has been improperly admitted, the Court may, on the application of the official assignee, after notice to the creditor who made the proof, expunge the proof or reduce its amount.