(1) This section applies where, in the case of a creditors' voluntary winding up, a liquidator has been nominated by the company.
(2) Subject to subsection (3), the powers conferred on the liquidator by section 627 shall not be exercised, except with sanction of the court, during the period before the holding of the creditors' meeting under section 587.
(3) Subsection (2) does not apply in relation to the exercise of a power specified in paragraph 9 of the Table to section 627.
(4) The liquidator shall attend the creditors' meeting held under section 587 and shall report to the meeting on any exercise by him or her of the powers under section 627 or 631.
(5) If default is made -
(a) by the company in complying with section 587(1), (2) or (6), or
(b) by the directors of the company in complying with section 587(7),
the liquidator shall, within 14 days after the relevant day, apply to the court for directions as to the manner in which that default is to be remedied.
(6) In subsection (5)
…