Section 47Part 9 — Meeting of Creditors and Resolutions
Absolute order for bankruptcy, when to be made
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If no meeting is held, no resolution is come to or if the resolution is that adjudication of bankruptcy be made or it is shown to the satisfaction of the Court that there is no reasonable probability of the confirmation of deed of arrangement and that delay will not be for the benefit of the creditors, the Court shall make an absolute order or bankruptcy against the debtor.