The Companies Act, 2013 Section 257 Committee of creditors [Omitted] Chapter XIX · Revival and Rehabilitation of Sick Companies 257. [Committee of creditors.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016). Copy text 257. [Committee of creditors.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016).