Discretionary powers of trustee and control thereof

(1) Subject to this Act, the trustee shall, in the administration of the property of the bankrupt and in the distribution thereof amongst his creditors, have regard to any directions that may be given by resolution of the creditors at any general meeting, or by the committee of inspection, and any direction so given by the creditors at any general meeting shall in case of conflict be deemed to override any directions given by the committee of inspection. 64 (2) The trustee may from time to time summon general meetings of the creditors for the purpose of ascertaining their wishes, and it shall be his duty to summon meetings at such times as the creditors by resolution, either at the meeting appointing the trustee or otherwise may direct. (3) The trustee may apply to the court in the manner prescribed for directions in relation to any particular matter arising under the bankruptcy. (4) Subject to this Act, the trustee shall use his own discretion in the management of the estate and its distribution among the creditors.