Section 2: Interpretation

2. Interpretation In this Act— “agent” means the manager in Mauritius, carrying on business in Mauritius, for a person out of Mauritius who is subject to the laws of bankruptcy of Mauritius; “available act of bankruptcy” means any act of bankruptcy available for a bankruptcy petition at the date of the petition on which the receiving order is made; “bankruptcy notice” means a notice served upon a trader requiring payment of a judgment debt or a provable debt; “debtor” means a debtor who is a trader; “ordinary resolution” means a resolution decided by a majority in value of the creditors present, personally or by proxy, at a meeting of creditors and voting on the resolution; B4 – 3 [Issue 1] Bankruptcy Act “principal” means a person out of Mauritius for whom business is carried on by an agent in Mauritius and who is a debtor within the meaning of the law of bankruptcy; “provable debt” includes any debt or liability by this Act made provable in bankruptcy; “secured creditor” means a person holding a mortgage, charge or lien on property of the debtor, as a security for a debt due to him from the debtor; “special resolution” means a resolution decided by a majority in number and three fourths in value of the creditors present, personally or by proxy, at a meeting of creditors and voting on the resolution; “trader” means a person mentioned in the First Schedule; “trustee” means the trustee in bankruptcy of a debtor’s property. 3. — PART I — PROCEEDINGS FROM ACT OF BANKRUPTCY TO DISCHARGE