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 Part II

MEETINGS OF CREDITORS AND CONTRIBUTORIES

62Procedure when secured creditor votes without surrendering security-

Thliquidator mawithin fifteen days from the date of the meeting at which a secured creditor voted on thbasis of his valuation of the securityrequire him to give up thsecurity for the benefit of the creditors generally on payment of thvaluso estimated by himand may, if necessary, apply to the Tribunal for an order to compel such creditor to give up thsecurity:

Provided that thTribunal may, for good causshown, permit thsaid creditor to correct his valuation before being required to give up the security, upon such terms as to costs as the Tribunal may consider just.