Section 234 — Companies Act 1993: Costs of compromise

234 Costs of compromise Unless the Court orders otherwise, the costs incurred in organising and conducting a meeting of creditors for the purpose of voting on a proposed compromise— (a) Must be met by the company; or (b) If incurred by a receiver or a liquidator, are a cost of the receivership or liquidation; or (c) If incurred by any other person, are a debt due to that person by the company and, if the company is put into liquidation, are payable in the order of priority specified in Schedule 7 to this Act.