Section 5. Exercise of jurisdiction in chambers

5. Exercise of jurisdiction in chambers.-- Subject to the provisions of this Act and of rules, the Judge of a Court exercising jurisdiction in insolvency may exercise in chambers the whole or any part of his jurisdiction. 5. For ss.123A and 123B, applicable to Bombay only, see the Presidency-towns Insolvency (Bombay Amendment) Act, 1933 (Bom.20 of 1933), s.10. 5. Proceedings not to be avoided for non-receipt of notice.-- The proceedings held and resolutions passed at any meeting shall, unless the Court otherwise orders, be valid notwithstanding that any creditor has not received the notice sent to him. 5. Affidavit to state if creditor holds security.-- The affidavit shall state whether the creditor is or is not a secured creditor.