Creditor appearance rights allow included creditors to notify counsel and oppose proposed capital reduction; costs at judge's discretion. A creditor included in the certificate whose debt or claim has not been discharged, determined, or secured and who has not consented in writing to the proposed reduction of capital may, on giving two clear days' notice to the company's advocate, appear at the petition hearing and oppose it; the costs of appearance are at the Judge's discretion.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Creditor appearance rights allow included creditors to notify counsel and oppose proposed capital reduction; costs at judge's discretion.
A creditor included in the certificate whose debt or claim has not been discharged, determined, or secured and who has not consented in writing to the proposed reduction of capital may, on giving two clear days' notice to the company's advocate, appear at the petition hearing and oppose it; the costs of appearance are at the Judge's discretion.
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